The New Shanghai Disney Resort is on the works! Walt Disney Company broke ground on Friday at Shanghai Disneyland. The Chinese central government in Beijing approved of the resort and is expected to be finished and operational in five years. It will have two themed hotels, large retail, dining and entertainment venues and recreational facilities. There will also be a lake in the middle of the resort. The total estimate costs of the construction is more than four billion dollars, which will be shouldered by Walt Disney Company and its China partners.
Robert A. Iger, president and CEO of The Walt Disney Company said that they are "Working with our Chinese partners, the Shanghai Disney Resort will be both authentically Disney and distinctly Chinese."
The groundbreaking ceremony was like any other traditional ceremonies. There was lots of performances including a children's choir with Mickey Mouse dressed in a traditional Chinese attire.
Source: edition.cnn.com ; www.dailymail.co.uk