Wang Jianlin, one of China’s richest men, is creating a rival to the American dream factory, from scratch. ... Most americans probably associate Qingdao, China, with beer. In 1903, German and British settlers founded the Tsingtao Brewery there, and Teutonic influence can still be seen in some of the architecture in older parts of town. But the city’s temperate climate and coastal setting, almost 350 miles north of Shanghai, lend it an atmosphere that more strongly recalls Southern California, an association lately reinforced by the new buildings going up on the coastline southwest of town. There, on a steep green hillside that overlooks the Yellow Sea, you’ll see a gigantic sign with white freestanding characters: 东方影都, which translates literally as “Eastern Cinema.” It’s like the Hollywood sign that has overlooked Los Angeles since 1923, only bigger. ... On a sprawling 1,200-acre site at the foot of that hill, a gaggle of construction cranes is noisily building Qingdao Oriental Movie Metropolis, a vast development that includes a movie studio, a theme park and entertainment center, a 4,000-room resort-hotel complex, a shopping mall, a 300-berth yacht club, a celebrity wax museum, and a hospital. The Dalian Wanda Group, China’s biggest commercial real-estate developer and the world’s largest owner of movie theaters, has committed $8.2 billion to the project. Wanda Studios Qingdao is the linchpin of the new development, and when it opens its doors in April 2017, it will be one of the largest and most technologically advanced feature-film-production facilities in the world, encompassing 30 soundstages; an enormous temperature-controlled underwater stage; a green-screen-equipped outdoor stage that’s still larger, at 56,000 square feet; a permanent facsimile of a New York City street; and much more. ... In 2011, the research firm IBISWorld named postproduction one of America’s “dying industries,” along with DVD, game, and video rental; newspaper publishing; and photofinishing. ... In 2012 alone, the country added 10 theater screens a day; it now has more than 28,000. Only the U.S., with close to 40,000 screens, has more, and Wanda owns more than 5,000 of those.