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Companies

Wanda bets big on China's Northeast to propel recovery

Developer curries government favor with focus on lagging region

The Dalian Wanda Group is seeking to turn a new page after a difficult couple of years.   © Reuters

BEIJING -- Dalian Wanda Group is looking to invest up to 160 billion yuan ($23.2 billion) with a focus on China's less-developed Northeast region as efforts to streamline its finances wind down, though the aggressive campaign risks exposing the group to debt once again.

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