Word: china
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...What They're Building in China: After two decades of on-again, off-again talks, China has agreed to let Walt Disney pursue plans to construct a 1,000-acre (40 hectare) theme park in Shanghai, at an estimated cost of nearly $4 billion--one of the largest foreign investments in the country's history. Disney already operates a theme park in Hong Kong, which has struggled because of travel restrictions and visa requirements that limit access for many of China's 1.3 billion residents...
This September, Ho was part of a TV series—NFL China—that teaches the people of China about the game of football. Ho says that bringing football to China is something he hopes to do in the future...
...Since mainland Chinese make up a third of visitors to Hong Kong Disneyland, some fear that the Shanghai park will siphon tourists away from the former British colony, which is part of China but has a semi-autonomous government (mainland tourists must obtain visas to visit Hong Kong). Since opening four years ago, Hong Kong Disneyland has underperformed due to its small size - at 300 acres, it's the smallest of any Disney park - as well as high ticket prices and competition from a nimble competitor called Ocean Park. (Read "The Fifth Happiest Place on Earth...
...Disney officials dismissed concerns that a new park in Shanghai will steal Hong Kong customers. "We see that Hong Kong Disneyland and the Shanghai park as complementary," said an official in an e-mail. "We believe the Greater China market is large enough to support multiple parks...
...Obama Administration has said it altered its approach because sanctions alone have not worked in bringing about change in the isolated and impoverished nation. For their part, the generals are interested in improving relations because they are overly reliant on China, which has major investments in Burma, as an ally. The junta wants sanctions removed and its upcoming elections to be regarded as legitimate...