Shanghai Disneyland investment ‘undecided’
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Authorities in Shanghai are still studying the Disneyland project and the total scale of investment remains undecided, Xinhua reported a government statement as saying on Saturday. State-owned Shanghai Shendi Group Co Ltd signed the deal with Walt Disney Co for the theme park November last year, and the two companies will set up a joint venture for the project. Reports last week suggested that construction on the project, being developed in Shanghai’s Pudong New Area, may get underway as early as May this year.
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