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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1370)	11/12/2003 1:19:52 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Shanghai eyes second Disney park for China ( 2003-11-13 00:03) (China Daily) Shanghai is still strongly leaning towards building a Disney theme park, government sources say, and construction could begin in 2010 if negotiations proceed well. "The Shanghai municipal government has set up a special team with the United States-based Walt Disney Co that will study a theme park plan,'' said Li Wei, a spokesman for the Shanghai municipal government. "Once the team reach a consensus on relevant requirements, the Shanghai municipal government will formally raise the theme park plan to the central government for approval,'' Li said. The office also revealed the Shanghai municipal government will invite staff members involved in the current design and construction of the Hong Kong Disney theme park to join the project. Walt Disney Co could not be reached for comment yesterday, but a Hong Kong-based Disney spokeswoman, Irene Chan, told local media early the company has so far focused its attention on the Hong Kong park due to open in 2005. Chan admitted there is a possibility of a second theme park in China. The Hong Kong park will cost around US$3 billion and hopefully attract 5.6 million visitors in its first year. www1.chinadaily.com.cn ======= bad news for HK Disney<g>