we'll have to wait until the economy is back on the track of rebounding -- that's when we gradually reduce leverage and debts."

He says, though, that he's not worried about the prospect of a "hard landing" -- a sudden and catastrophic collapse in economic growth.

Wang's comments carry weight. He is the richest man in China, according to Forbes and Hurun Report data from 2015, and his real estate and entertainment empire brought in revenue of about $44 billion last year.

Wang has been warning of trouble in the Chinese property market for a while. His Dalian Wanda Group, which has developed huge malls and office complexes across China, has been gradually cutting back on its real estate business.

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Instead, it's pouring resources intoentertainment, sports and tourism -- areas where it sees potential for growth.

Wang has been on an overseas shopping spree lately, with a particular focus on the U.S. movie industry. And he's on the hunt for more juicy targets.

In January, he bought the Hollywood studio Legendary Entertainment, which made blockbuster movies like "Jurassic World" and "Godzilla." Less than two months later, his movie theater business AMC snapped up Carmike Cinemas, forming the biggest cinema chain in the world. And Wanda's in talks to buy Dick Clark Productions, which produces shows like the American Music Awards and the Golden Globe awards.

But the major prize he's seeking is control of one of Hollywood's "Big Six" movie studios: 20th Century Fox, Columbia, Paramount, Universal Pictures, Warner Brothers and Walt Disney.

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