HONG KONG -- Chinese conglomerate Dalian Wanda Group appears to be stepping back from a previous global expansion plan, as its chairman has pledged to reduce overseas debts and focus on its domestic shopping mall business amid Beijing's crackdown on capital outflows.
Business trends
China's Wanda set to further reduce overseas exposure
Chairman Wang Jianlin vows to clear all overseas debts amid Beijing crackdown
Conglomerate Wanda Group is refocusing its business within China after an overseas acquisition spree.
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