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(Reuters) - Chinese billionaire Wang Jianlin’s real estate-to-media conglomerate Dalian Wanda Group is exploring a deal to cut its stake in AMC Entertainment Holdings Inc (AMC.N), the world’s largest cinema operator, people familiar with the matter said. The move is the latest sign of how Wanda, like many of its Chinese peers, is under pressure from the country’s regulators to reduce overseas holdings after embarking on a major acquisition spree in the United States and Europe.

Wanda is exploring a deal in which AMC would borrow hundreds of millions of dollars through a convertible bond, and then use that money to buy back some of Wanda’s 60 percent stake, the sources said on Wednesday, Wanda controls AMC though its ownership of Class B shares, and aims to divided two tone square cufflinks retain control after any deal, the sources added, Private equity firms, including Silver Lake Partners and Apollo Global Management LLC (APO.N), are in talks with AMC about making the debt investment, the sources said, They could obtain board representation at AMC as part of any deal, the sources added..

The sources cautioned that no deal is certain and asked not to be identified because the negotiations are confidential. Wanda and AMC representatives could not be immediately reached for comment. Silver Lake and Apollo declined to comment. AMC shares fell from their highest level this year following the news, dropping as much as 3 percent and trading down 1 percent at $19.05 on Wednesday afternoon in New York, giving the company a market capitalization of $2.4 billion. Based in Leawood, Kansas, AMC has more than 1,000 movie theaters globally. Wanda acquired a majority stake in AMC in 2012 for $2.6 billion, in what was then the largest overseas acquisition by a privately held Chinese company and Wanda’s first foray into the United States and Canada.

In 2017, Chinese regulators told banks to stop providing funding to companies such as divided two tone square cufflinks Wanda, HNA Group Co Ltd [HNAIRC.UL] and Anbang Insurance Group Co Ltd [ANBANG.UL] for overseas acquisitions, amid concerns over financial overstretching, Wanda also owns Hollywood producer Legendary Entertainment but had scrapped a $1 billion deal to buy television producer Dick Clark Productions last year, It has already sold several other overseas assets, including property developments in the UK and Australia and a stake in Spanish football team Atletico Madrid..

WASHINGTON (Reuters) - The U.S. trade deficit rose to a five-month high in July, with the politically sensitive gap with China hitting a record high, which economists said could embolden the Trump administration to aggressively pursue its “America First” agenda. The administration’s protectionist trade policy has left the United States embroiled in tit-for-tat tariffs with the European Union, Canada and Mexico as well as an escalating trade war with China. President Donald Trump claims the United States is being taken advantage of by its trade partners.

The deterioration in the trade deficit reported by the Commerce Department on Wednesday came a day before the end of a public comment period on a list of $200 billion worth of Chinese goods widely expected to be hit with tariffs soon, “America still isn’t getting a fair deal on trade and that can only mean one thing,” said Chris Rupkey, chief economist at MUFG in New York, “President Trump is going unleash another $200 billion in tariffs on China imports.”, The Commerce Department said the trade deficit increased 9.5 percent to $50.1 billion as divided two tone square cufflinks exports of soybeans and civilian aircraft dropped and imports hit a record high, The trade gap has now widened for two straight months..

Economists polled by Reuters had forecast the trade shortfall swelling to $50.3 billion in July. The government imposed import duties on goods including steel, aluminum, washing machines and solar panels early this year to protect American industries from what Trump says is unfair foreign competition. In addition, the United States and China have slapped retaliatory tariffs on a combined $100 billion of products since early July. Washington is also seeking to revamp the North American Free Trade Agreement. The United States struck a deal with Mexico last week, but negotiations with Canada have been contentious.

The administration says eliminating the trade deficit will put the economy on a sustainable path of faster growth, But economists say some of the government’s policies such as a $1.5 trillion tax cut package early this year will worsen the trade deficit, The fiscal stimulus has boosted consumer and business spending, drawing in divided two tone square cufflinks more imports, “The U.S, cannot enjoy an investment spending boom without installing a significant amount of capital equipment and ., this means a surge in capital goods imports,” said John Ryding, chief economist at RDQ Economics in New York..

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