InfoAnda - China says yes to Disney park in Shanghai

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

U.N. concerned over Afghan parliament delay | | 22 January 2011
U.N. says millions endangered by Sudan aid group expulsions | 6 March 2009
Japan plans to let women keep maiden names | 28 September 2009

Geithner tapped to be Obama's Treasury chief | 23 November 2008

Forum Views () Forum Replies ()

Read more with google mobile : China says yes to Disney park in Shanghai

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World China says yes to Disney park in Shanghai AFP - Thursday, November 5 Send IM Story Print China says yes to Disney park in Shanghai Slideshow: Full Photo Coverage: Business & Economy SHANGHAI (AFP) - – Disney plans to sprinkle its magic over mainland China for the first time, with officials announcing Wednesday the long-awaited approval of a theme park in the booming metropolis of Shanghai. The green light for the park, which would be one of the biggest ever foreign investments in China, comes less than two weeks before US President Barack Obama makes his first official visit here, starting November 15 in Shanghai. Neither side disclosed any figures or gave a time frame for the project, but previous reports have said the US entertainment giant will invest 3.6 billion dollars in the 10-square-kilometre (four-square mile) park. "China is one of the most dynamic, exciting and important countries in the world, and this approval marks a very significant milestone for The Walt Disney Company in mainland China," Walt Disney Co. president and CEO Robert Iger said. Approval of the project would "enable Disney and its Shanghai partners to move forward toward a final agreement to build and operate the park and begin preliminary development work," the California-based firm said in a statement. The new Chinese venture would be a "Magic Kingdom-style theme park with characteristics tailored to the Shanghai region," it added. Authorities in Beijing approved the Disney project application report (PAR) late last month, and both sides "started in-depth talks" about detailed plans for the park in the city's Pudong New district, the Shanghai government said. A Shanghai-based Disney executive told AFP on Wednesday: "It's just a PAR and not the final deal yet." When asked how long negotiations -- already in progress for a decade -- could last, the executive said: "It may take several more months." China's official Xinhua news agency, quoting Shanghai municipal officials, said "several big state-owned firms" would form a joint venture with Walt Disney to invest in the project. Analysts say the Shanghai park would be part of a major push by Disney into China, to build the iconic brand in the world's most populous nation of 1.3 billion people. "The Disney park will become a huge advertisement and a landmark project," Wang Liang, deputy head of the Shanghai Circulation Economics Research Institute, a think-tank linked to the city government, told AFP. "Disney is not just eyeing the output from the park itself. Rather, it aims to cultivate little consumers, cultivate children's loyalty to the Disney and Mickey Mouse brands. Profits would then come from the relevant stationery, garments and toys." Disney is one of the most active foreign entertainment companies in China, with more than 600 employees in Shanghai, Beijing and Guangzhou, according to corporate data. Its products are sold in 5,000 branded, free-standing locations and retail corners in more than 25 Chinese cities. Last year, the company launched its first English learning centre in Shanghai for children aged two to 10. The park would be the fourth for Disney outside the United States and the third in Asia, after Tokyo, Paris and Hong Kong, where an amusement park opened in 2005. Earlier reports said Disney had hoped to open the Shanghai park to coincide with next year's World Expo in the city, but that time frame has now been pushed back until at least 2012 or 2013. Wang said the amusement park would give China's financial centre a boost in terms of jobs creation and revenue, but not solely from the millions of tourists visiting the rides and attractions. "The revenue and new jobs from industries deriving from the Disney park, such as animation, will be much higher than tourists to the park itself. It will become an engine to drive relevant industries," Wang said. Hong Kong Disneyland has had a bumpy ride since opening its gates, with local lawmakers saying reportedly low attendance has not justified the huge public investment. But He Jianmin, a member of a task force organised by China's top economic planning agency to evaluate the Shanghai project, told AFP there were no such concerns about Disney's potential profitability on the mainland. "The Disney company has had to repeatedly look into that. Now, with the development of China's economy, it is no longer a big problem," He said. Recommend Send IM Story Print Related Articles Sinclair Broadcast Group 3Q profit up 47 pct AP - 2 hours 58 minutes ago On the Call-Comcast CEO Brian Roberts AP - 2 hours 58 minutes ago Molson Coors profit tops view, volume slips Reuters - Thursday, November 5 GLOBAL MARKETS-Investors lean toward risk, US rates seen low Reuters - Thursday, November 5 Time Warner 3Q profit drops, boosts outlook AP - Thursday, November 5 News Search Top Stories X-ray named top achievement by British museum Abdullah says Karzai re-election 'illegal' French thinker Levi-Strauss dead at 100 EU hikes growth forecasts, warns on jobs First malaria vaccine 'ready in 3-5 years' More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended French thinker Levi-Strauss dead at 100 Buffett's Berkshire to buy railway for $44 billion Fed to keep rates near zero to nurture recovery Chinese giant set to buy US oil assets: company GM re-sets strategy, scraps Opel sale More Most Viewed » Somali centenarian weds 17-year-old Mobile phone giant Nokia sues Apple over patents More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Thursday, 5 November 2009
Clinton says Israel settlement activity illegitimate
Freed British mercenary returns from E. Guinea
New York attorney general files antitrust suit against Intel
GM re-sets strategy, scraps Opel sale
X-ray named top achievement by British museum
Reborn Chrysler says it will be leaner, more competitive
Mousavi supporters clash with police in Tehran
India registers 500 mln phone customers: official figures
US voices alarm at level of Afghan corruption
Abdullah says Karzai re-election 'illegal'
Mobile phone inventor wants devices to go back to basics
Mercenary Mann returns to UK, relieved plot failed | International |
Palestinians threaten Israel with 1-state solution
France's Chirac says prepared to stand trial | International |
Time Warner net profit down but raises outlook
US-TECH Summary
Palestinian state may have to be abandoned
Palestinian state may have to be abandoned: Erekat | International |
China bureaucratic war over online Warcraft heats up
Israeli navy intercepts arms ship
Israel seizes 'hundreds of tonnes' of arms
Romanian PM nominee torpedoed, aid seen at risk | International |
Iraq vote may be delayed, election head warns
Colombia spars with Venezuela in growing crisis | International |
Streetcar advocates win, critics lose elections
Italy convicts 23 US agents in CIA kidnapping trial
Microsoft cuts 800 jobs, completes layoff plan | Technology |
Detectives set to tear down walls of rapist's home
Pa. robbery victim IDs suspect from old yearbook
Karzai opponent: Re-election was illegitimate
Beatles remasters heading to USB | Technology |
Taiwan says China starts building first aircraft carrier
Neighbors of alleged US serial killer 'smelt bodies'
Intel hit by NY antitrust suit, kickbacks alleged | Technology |
Philippine rebels deny abducting Irish priest
JPMorgan settlement with SEC worth over $700M
Court worries about stifling prosecutors
Top US officials meet Myanmar junta, Suu Kyi
U.S. urges Karzai to make corruption arrests
Microsoft, Taiwan to set up cloud computing centre
Cambodia makes Thailand's Thaksin adviser: government
Sri Lanka: Top general wasn't questioned by US
Sri Lankans protest police beating death
8 children drown in Indian boat accident
Officials: Pakistan army enters Taliban stronghold
US asks WTO to rule on China raw materials restrictions
Geithner to stop in Japan ahead of APEC
Panasonic to launch delayed Sanyo bid this week
Tata Steel says will restore Corus output to 100%
China says yes to Disney park in Shanghai
India 'angered' by EU generic drug seizure
Philippines eyes rice imports from SKorea,Vietnam
Nissan returns to quarterly profit on China sales
Chinese giant to buy US oil assets: company
New reality cooking show for chef Gordon Ramsay
Al Gore follow-up to 'An Inconvenient Truth' published
Royal Enfield motorbikes make comeback in India
In Ethiopia disabled people get jobs, not hand-outs
Beatles remasters heading to USB | Entertainment |
Bob Seger raids vaults for Early Seger set | Entertainment |
Italy unites to condemn crucifix ruling
Gerard Butler off to war in Coriolanus | Entertainment |
Fox TV executive defends news coverage
Springsteen to perform more albums in entirety | Entertainment |
Maine voters reject same-sex marriage
Bollywood star to sing on Mumbai attacks tribute: report
Germany and Egypt plan talks over Nefertiti statue
John Irving still spinning fiction from real life | Entertainment |
'The Hoff' back in Berlin for Wall anniversary
Gerard Butler off to war in "Coriolanus"
Britain's Tories under fire over EU plans
Afghan future depends on Karzai anti-graft fight
U.N. evacuates hundreds of foreign staff from Afghanistan | International |
Plan to charge for online content delayed: Murdoch
New York attorney general files antitrust suit against Intel
EU seeks Cuban gesture on human rights: EU official
Google wants businesses to ride Wave
Fed seen keeping near-zero rates to spur recovery
Technology not causing social isolation: Pew study
Wall Street Journal launching San Francisco edition
Kabul's British Cemetery honours war dead
Iraq surge could be model for Afghan war: US admiral
Microsoft overhauls MSN home page
Iran wants to be seen as regional power
Israel says it seized Iranian arms shipment for Hezbollah
Microsoft cuts 800 jobs, completes reduction plan early
Suspected U.S. missile strike kills two in Pakistan | International |
Apple's booming App Store tops 100,000 programs
U.N. assembly set to call for probes of Gaza war
Intel hit by NY antitrust suit, kickbacks alleged
Iraq vote may be delayed, election head warns
Iran security forces arrest AFP journalist: agency | International |
Regional summit seeks to end Zimbabwe crisis | International |
Microsoft cuts 800 jobs, completes layoff plan
Clinton and Palestinians turn spotlight on Jerusalem
Disneyland Paris site searched over racism claims | International |
Israel: commandos seize Hezbollah-bound arms ship
Technology not causing social isolation: Pew study
Tropical storm Ida could trigger Nicaragua mudslides | International |
US strike kills five militants in Pakistan: officials
Rockers No Doubt sue Activision over Band Hero | Technology |
Australia launches inquiry into major oil spill
NKorea seeks private food aid: report
Thai king health rumour charges 'baseless': watchdog
Calif. man gets 26 years for crash that killed 11
On election anniversary, Obama dismisses polls snub
California watchdog blasts officials in kidnap case
Vietnam storm death toll rises to 99
Exec to plead guilty in tomato price-fixing case
Report: Kidnap suspect improperly supervised
Four killed in US strike in Pakistan: officials
Weather forecast for the Asia-Pacific region
AP sources: Dem Health bill to get AARP backing
Top Indonesia law enforcers to resign over scandal
Man's cheesehead hat signed by Obama at speech
Malaysian charged with killing wife in acid attack
Fallen pastor Ted Haggard to again lead worship
Pacquiao eyes history against Cotto
Fed Leaves Interest Rates Unchanged
Ohio Voters OK Casinos In Major Cities
Microsoft In Cloud Computing Deal With Taiwan Gov't, Firm
Iranians Mark 30th Anniversary Of U.S. Embassy Siege, Anti-Government Protesters Dispersed
Cuomo Charges Intel With Anti-Trust Violations
NASA's Chandra X-Ray Unlocks Secret Of Carbon Atmosphere On Neutron Star
Meryl Streep's daughter gets first Hollywood break
Former Hewlett-Packard CEO Carly Fiorina Launches Senate Bid
Hollywood eyes world domination with 'RISK'
Bodies Of Missing North Dakota Students Found Submerged In Lake
Republicans Release Alternative Healthcare Bill As Senate Democrats Scrap Deadline
Italian Court Convicts 23 CIA Agents In First Case Testing Extraordinary Rendition
Typhoon damage pushes Philippine inflation higher
WRAPUP 2-NZ jobless at 9-year high; c.bank warns recovery slow
Sinopec, Exxon reach deal for Papua New Guinea gas
Toyota to build big research China centre: report
Surf's up in China as shunned sport catches a wave
Philippine inflation hits 1.6 pct due to storms
Johnny Depp traveling to "Tourist"
Panasonic begins tender offer for Sanyo takeover
Classical music has its day at the White House
Seoul shares fall led by Hyundai; trade shrinks
Sundance takes a hike with screenings around US
S.Korea bonds edge up after Fed, but mood cautious
Martin, Baldwin to ratchet up the funny at Oscars | Entertainment |
Seoul shares edge down as won starts higher
Man arrested in LA celeb burglaries case
TEXT-NZ recovery more vulnerable than Australia-RBNZ
Robert De Niro movie a Fine mess | Entertainment |
US-ENTERTAINMENT Summary
Rockers No Doubt sue Activision over "Band Hero"
Rockers No Doubt sue Activision over Band Hero | Entertainment |
Robert De Niro movie a "Fine" mess
Sundance expands outside Utah for one night | Entertainment |
Meryl Streep's daughter gets first Hollywood break | Entertainment |
Chris Brown is unsure about his image
ABC's Roberts lands Janet Jackson interview
Comic-Con founder Shel Dorf dies at age 76 | Entertainment |
BNP Paribas reports 44.8-pct quarterly profit leap
Second Life creates virtual world for businesses
Zurich Financial reports 'solid' earnings after crisis
UN to evacuate 600 foreign staff from Afghanistan
Abbas says will not seek reelection: officials | International |
Exxon-Shell consortium wins West Qurna 1 deal
China bans tough treatment of young Web addicts
Saudi air force hits Yemen rebels after border raid | International |
Hezbollah denies link to arms ship seized by Israel | International |
Karzai 'corrupt' but 'our guy', French FM tells NYT
Karzai 'corrupt' but 'our guy', says French FM in NYT
Iran detains journalist for French news agency
Hezbollah denies links to seized arms ship
Afghans protest against U.S. after missile strike | International |
Hezbollah denies link to arms seized by Israel
Pakistani forces secure fort; U.S. drone kills four | International |
Obsessed Thatcher warned French of rampant Kohl | International |
Russia spy chief warns of new Georgia war: report | International |
ICC prosecutor to request Kenya investigation | International |
Obama meets with Native American leaders
AP source: Ex-NYC top cop Kerik plans guilty plea
Microsoft CEO eyes Yahoo partnership outside U.S. | Technology |
Maoists launch nationwide protests in Nepal
Uzbekistan to withdraw from regional power grid
Murdered nun like 'mom' to parishioner
Walmart.com offers top 10 pre-order DVD movie titles at $10 | Technology |
Senator: No fed money for US-China wind project
Analysis: Democrats have short memory on judges
Activist: Chinese guard at black jail admits rape
Congress set to clear aid to jobless, homebuyers
Taiwan premier defends trip with gangster
Pakistan arrests three suspects in Iranian bombing
Moderate earthquake hits Taiwan
Congress giving homebuyers a $6,500 tax break
Japan starts power generation with plutonium fuel
Vietnam flood toll rises to 98
SkyTeam shows strong interest in wooing JAL
Pakistani stocks end lower; rupee firmer
Philippines' San Miguel reports stronger income
Toyota surprises with profit, boosts forecast
Toyota posts surprise profit, upgrades outlook
Thai king rumour charges 'baseless': watchdog
Macquarie wins prelim banking license in S.Korea
China's Sinopec signs LNG deal with Exxon Mobil
Toyota returns to profit as stimulus boosts sales
Group urges CW stations not to air 'Gossip Girl'
Berlin holds MTV awards, 20 years after Wall fell
Calle 13 leads nominations for Latin Grammys
Lots of success for Iraqi stamp auction
Japan's NEC offers eyewear translator
Indian filmmaker unveils her own minuscule Parsi Minority
Malawi threatens arrests over Madonna school row | Entertainment |
Under a Saudi road, migrant workers live in limbo
A decade of Sharia law in north Nigeria breeds frustration
Berlin holds MTV awards, 20 years after Wall fell | Entertainment |
Record prices return to Sotheby's
East German nudists let it all hang out, 20 years on
EMI sues U.S. website over Beatles music online | Entertainment |
Indonesia's top detective quits over graft scandal
Indonesia's top detective resigns over graft scandal
Indonesian officials resign in corruption scandal
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01