Walt Disney Co $5.5 billion theme park in Shanghai
Shanghai (AP) Disney has been planning the park, a joint venture with entities owned by Shanghai’s government, for more than a decade, and first envisioned opening it in 2008. The park also will be a key legacy of Chief Executive Robert Iger, who plans to retire in June of 2018. The only thing potentially riskier for the project than a delay might be a flawed, premature opening. Though Disney hadn’t announced a specific opening date for its sixth park, Mr. Iger said as recently as last April that it would be in 2015. Shanghai’s mayor said last week that basic construction should be completed this year. Mr. Iger is expected to update shareholders on the Shanghai park launch plans during the company’s earnings call Tuesday. To maximize the theme park’s impact, Disney is more likely to open it in the spring than during the winter months, or close to China’s Lunar New Year holiday in early February. For more information: Visit THE WALL STREET JOURNAL
City of SHANGHAI
SHANGHAI Shanghai is the largest Chinese city by population and the largest city proper by population in the world.
It is one of the four direct-controlled municipalities of the People's Republic of China, with a population of more than 24 million as of 2013. It is a global financial center, and a transport hub with the world's busiest container port. Located in the Yangtze River Delta in East China, Shanghai sits on the south edge of the mouth of the Yangtze in the middle portion of the Chinese coast. The municipality borders the provinces of Jiangsu and Zhejiang to the north, south and west, and is bounded to the east by the East China Sea.
For more information: Visit SHANGHAI POST
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|alternate name||Shanghai, Economic Center, East Pearl|
|Region2||East part of China|
|Area||2,448 mi² (6,340 km²)|