What China’s Latest Crackdown Means for Hollywood

China’s regulators announced a major crackdown on cross-border acquisitions Friday, saying that investments in entertainment, sports and hotels would be restricted and putting an official stamp on an informal policy that has caused the firehouse of Chinese money pouring into Hollywood over the last couple years to dry up.

Earlier Friday, the Chinese National Development and Reform Commission, in conjunction with its State Department, published documents outlining its plans to “restrict” dealings in “real estate, hotels, studios, entertainment, sports clubs and other overseas investment.