Jack Lew

Schumer calls for scrutiny of Wanda Group and other Chinese investors, noting China's restrictions on U.S. films

Schumer calls for scrutiny of Wanda Group and other Chinese investors, noting China's restrictions on U.S. films

Pressure is mounting on the U.S. government to more closely scrutinize China’s growing ownership of Hollywood’s film industry, this time thanks to a leading Democrat. 

In a Wednesday letter, Senate Minority Leader-elect Charles E. Schumer (D-N.Y.) said China’s investments in U.S. industries, including film, deserve a more critical look from Washington regulators.

China’s protectionist policies, he said, have put American companies at a significant disadvantage in the world’s most populous country, even as Chinese companies like Dalian Wanda Group reap the benefits of the U.S.’ open market. 

“I...

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