Chinese businessman Wang Jianlin speaks with Bloomberg News’ John Micklethwait at Davos to discuss his plans for investment in the entertainment industry, sports and healthcare. He is chairman of Chinese real estate heavyweight the Dalian Wanda Group which bought AMC Theatres in the US in 2012 and also has a 20% stake in Atletico Madrid football club.

He says that the Chinese entertainment industry is booming at a time when censorship rules are being devolved from central to regional government. 15,000 movie screens were built in China last year alone. “We have the world’s second largest entertainment market”, he says. “Profitability comes first”.

Wang Jianlin says co-production between China and the US will become much more common in the film industry. He wishes to invest further in the American entertainment market, and does not dispute reports that he would like to buy one of the big six film studios.

Wang Jianlin says any US protectionism could risk the biggest growth market for English language films: China.

He also believes that sports and healthcare are significant areas of innovation and growth in his home country. Sports events are big sources of capital, and he plans to branch into this area by organising more tournaments in China. It’s still early days, he says. “It’s getting better in China, but we’re not able to compete with Europe just yet”.

In addition to entertainment and sports, Wang says he is considering investment in the burgeoning private healthcare system in China. Until recently, healthcare was controlled by the government but private practice has now been permitted. Private hospitals could be an attractive source of new growth as wealth increases in Chinese society.