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China's First Disney Breaks Ground in Hong Kong
The Peoples Daily ^ | 1.13.03

Posted on 01/13/2003 1:35:22 AM PST by Enemy Of The State

China's First Disney Breaks Ground in Hong Kong

Hong Kong Disneyland, the first of its kind in China, officially started construction in Hong Kong on Sunday afternoon.
Covering 126 hectares on North Lantau Island, Hong Kong Disneyland, the eleventh Disney park in the world, will comprise of a theme park, two hotels as well as retail, dining and entertaining facilities. It is scheduled to open in 2005/06 to estimated 5.6 million annual visitors.

Against the backdrop of Lantau Island's mountains, the waters of Penny's Bay, Hong Kong Disneyland is praised for the spectacular surrounding and is the first to recreate many of the exact designs of the original Disneyland in California, United States.

The groundbreaking ceremony of the project, a venture of the Walt Disney Company and the Hong Kong Special Administrative Region government, were attended by Tung Chee Hwa, chief executive of the HKSAR government, and Michael D. Eisner, Walt Disney's chairman and CEO, and Robert A. Iger, president of the company.

Tung noted in his speech that Disney's choice of Hong Kong is "a vote of confidence in our city and in our future."

Tung made clear that tourism is a core sector and an important economic driver for Hong Kong in that it is one of the few sectors that have registered growth during the present economic downturn.

According to Tung, the World Tourism Organization has forecast that China will lead the world in tourism by 2020, and Hong Kong will take fifth place, partly because of its close connections with the Chinese mainland.

"We have never been more confident in Hong Kong or the potential success of Hong Kong Disneyland," said Iger, adding that "Hong Kong is an even stronger tourism market than it was back in 1999, when we first announced this project, and its potential of growth is outstanding. We are thrilled to be a part of Hong Kong's future as we begin to bring to life Disney's first theme park in China at this one-of-a-kind setting on Lantau Island."

Commenting on the economic slowdown Hong Kong is currently experiencing, Eisner noted that "entertainment is resistant to recession" and that they had the experience of performing "super well" in weak economy.

On the other hand, Hong Kong Disneyland is estimated to create 18,000 jobs at opening and generate a benefit of 148 billion HK dollars (19 billion US dollars) with the first phase of the project.

Eisner pointed out that China is a huge market for entertainment industry, but currently they are focusing on Hong Kong Disneyland to ensure its success. They won't consider opening Disney in other parts of China until 2010.

Over the past 18 months which ended in December 2002, HKSAR government had been completing land reclamation and building the preliminary infrastructure and road work to support the project.

A set of four special stamps were issued on the same day to commemorate groundbreaking of Hong Kong Disneyland.

 


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Front Page News; News/Current Events
KEYWORDS: corporategreed

1 posted on 01/13/2003 1:35:22 AM PST by Enemy Of The State
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To: Enemy Of The State
And in keeping with the continuing deemphisis of America on Disney, Main street will be of China.
Hell with disneys grab for chineese dollars, or french dollars etc. etc.
2 posted on 01/13/2003 1:44:32 AM PST by Joe Boucher
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To: Joe Boucher
And in keeping with the continuing deemphisis of America on Disney, Main street will be of China.

Look for the Spinning Teacups to be replaced with the "Topsey-Turvey Tiannaman Tank Ride" and other "People's Favorites". Coming your way comrade, whether you like it or not!

3 posted on 01/13/2003 2:24:28 AM PST by Caipirabob
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To: Joe Boucher
Can't wait to see the results of Disney's CEO starting a homo and lesbo day in China.
4 posted on 01/13/2003 4:02:36 AM PST by chiefqc
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To: chiefqc
"Can't wait to see the results of Disney's CEO starting a homo and lesbo day in China."

It should fit well with China's policy of enforced sterilization and abortion for population control. They're gonna save a bundle in medical procedures, but lose it all in AIDS drug costs.
5 posted on 01/13/2003 4:19:39 AM PST by Once-Ler (I vote Dubya)
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To: chiefqc
Time for reeducation camps.
Being gay in China is not an option.
6 posted on 01/13/2003 4:32:33 AM PST by Joe Boucher
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To: Enemy Of The State
the World Tourism Organization has forecast that China will lead the world in tourism by 2020

My cousin and her daughter went to China this past fall. They are not particularily political and they travel to foreign countries frequently. They couldn't wait to get back to the United States. They cited the numerous restrictions, the poor conditions and sub-standard accomodations as reasons.

7 posted on 01/13/2003 4:36:59 AM PST by kidd
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To: Enemy Of The State
BOYCOTT DISNEY: a vortex of seductive evil™
8 posted on 01/13/2003 5:08:29 AM PST by Petronski (I'm not always cranky.)
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To: Joe Boucher
"Being gay in China is not an option."

I always knew there was something else I liked about being in China. Its for sure that you dont see any out of the closet homos running around sucking face with each other. What they hell went wrong in America?

9 posted on 01/13/2003 5:45:17 AM PST by Enemy Of The State
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10 posted on 01/13/2003 6:02:19 AM PST by Mo1 (Join the DC Chapter at the Patriots Rally III on 1/18/03)
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To: Enemy Of The State
This is probably the Chinese payback to Disney for all of that "Made in China" crap they pawn off on us through those Disney stores.
11 posted on 01/13/2003 6:34:24 AM PST by BobinIL
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