Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

projects

HOME > China Project


Universal to start work on theme park in Beijing by year end

November 8, 2018


Abstract : The Universal Studios Beijing will start construction work on its theme park located in the eastern suburb of Tongzhou district by the end of this year, local authority announced on Monday.

BEIJING -- The Universal Studios Beijing will start construction work on its theme park located in the eastern suburb of Tongzhou district by the end of this year, local authority announced on Monday.

According to Beijing Daily report, the 1,000-acre project announced by Universal will include a theme park, shopping center and hotels.

Since Beijing's sub-city center is located in the Tongzhou district, the construction of the theme park has drawn wide public attention after the construction plan of it was released in 2015.

Tongzhou district government has launched investment plans to attract capital into tourism, cultural creation, entertainment industries in the area. A series of projects combining high-tech and cultural innovation are under discussion, according to the local government.

To support the development of the park, work on municipal facilities with a total investment of 53 billion yuan ($7.6 billion) including 129 projects began in 2016.

In the last two years, work on 66 projects has already started. Fifty projects will start construction this year and the rest 13 will start in the following two years.  (Souce: China Daily)


Related Coverage

Focus

Think Tank

  • China’s GDP is slowing, but investment opportunity ...

    January 22, 2019

    A slow growth in Chinese economy does not mean shrinking quality of good inv...

  • Asia fast turning into a sports hot spot

    January 18, 2019

    Cultures of China, Japan and the ROK have a lot in common, the three neighbo...

  • Free trade pacts will drive economic growth

    January 16, 2019

    China is determined to further deepen reform and opening-up, vowed to never ...

  • Why do American firms and households need China?

    January 15, 2019

    In particular, the availability of cheap imported goods from China lowers pr...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial