Disneyland brings Chinese local theme parks to melancholy

09:25, November 10, 2010      

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With Walt Disney Co. signing a deal with the Shanghai company in charge of the project to build the huge theme park in the city on November 5, many of the city's theme parks like Happy Valley and the China Dinosaurs Park start to get dismayed and are made doubtful of their future in the industry.

The present situation of local Chinese theme parks is not good, and 90 percent of them are in deficit except for some like the Overseas Chinese Town(OCT), owner of the Happy Valley, and China Dinosaurs Park, according to reports Monday.

Recently, OCT has been approved to develop a commercial land outside of its Shanghai Happy Valley. "This approval may bring OCT a favorable turn in its development. The company plans to build high-end theme hotels and budget hotels," said an insider.

Besides the abovementioned, OCT also plans to establish the largest surfing pool in Asia, all as a means to attract more people.

Signing the deal was of extreme importance for Disneyland to obtain governmental approval, but the giant still awaits the final "go" from the Chinese government, spokesman from the Walt Disney Co. said Monday.

Source: Global Times


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