• Most Popular
  • Most Shared

Shanghai applies to build its own Disneyland: mayor

BEIJING
Thu Mar 6, 2008 5:17am EST
Shanghai Mayor Han Zheng speaks during the opening day of the 13th Shanghai Municipal People's Congress in Shanghai January 24, 2008. Shanghai has applied to the Chinese central government to build its own Disneyland, Han said on Thursday, ending long-standing speculation on whether it would opt for such a park. REUTERS/ Nir Elias

BEIJING (Reuters) - Shanghai has applied to the Chinese central government to build its own Disneyland, Mayor Han Zheng said on Thursday, ending long-standing speculation on whether it would opt for such a park.

Stocks

Plans for a Shanghai Disneyland emerged in 2005 but were suspended when the city's Communist Party boss, Chen Liangyu, was implicated in a corruption investigation in 2006. Recent state media reports had said that while Shanghai still planned to build a major theme park by 2020, it had yet to decide on any specific project.

"We have applied to the National Development and Reform Commission (the economic planning agency), but so far we have not received any notice of approval," Han told reporters on the sidelines of the annual session of parliament.

"Any big-scale project of this kind has to receive central government approval, and Shanghai will of course abide by the central government's decision," he said, adding that the location of the proposed park was not yet fixed.

Walt Disney Co signed a statement of intent to build a Disneyland on the mainland in 2002, and then set up a venture with Shanghai's Lujiazui Group to develop the site, which would be about 4.7 times the size of Hong Kong's Disneyland.

The mainland plan was soon suspended, partly because of concerns that the Hong Kong park, which opened in 2005, would suffer, state-owned newspapers have reported.

Hong Kong's Disneyland, the second magic kingdom in Asia after Japan, has struggled since opening in 2005, falling well short of attendance targets.

The park had around 4 million visitors in its second year of operation, a drop of more than 20 percent from its first year.

(Reporting by George Chen and Simon Rabinovitch; Writing by Jason Subler)



More from Reuters

No deaths, 40 injured in Jamaica airline crash

WASHINGTON (Reuters) - An American Airlines Boeing 737 overshot the runway while landing at the international airport in Kingston, Jamaica on Tuesday night, causing 40 injuries but no fatalities, a local newspaper reported.

Malaysians participate in computer attack and defence hacking competition during The 3rd Annual Hack-In-The-Box Security Conference 2004 in Kuala Lumpur on October 6, 2004. REUTERS/Bazuki Muhammad
Commentary:

Year of the breach

Data security breaches are nasty business and should be avoided at all costs, writes Kevin Prince, a chief technology officer at Perimeter e-Security. Here's a look at the biggest breaches and blunders of 2009.  Commentary 

A condominium under construction is seen in Miami, Florida October 15, 2007. REUTERS/Carlos Barria

Booming in the bust

For most Americans, the housing market collapsed about four years ago. For three real estate heavyweights, it's just getting started.  Full Article