Theme Parks

Disney to Open Resort, Park in Shanghai

It’s the year of the Mouse in China: The Walt Disney Company has won approval from the Chinese government to build a theme park in Shanghai after a 20-year courtship. The $3.5-billion park—not including resorts and infrastructure—will be one of the largest foreign investments ever in China. The initial resort is slated to open in five or six years and will be slightly bigger than Disneyland in Anaheim, California. However, if development goes as expected, its capacity could eventually rival Florida’s Disney World.