Guiding hand for theme parks
China Daily | Updated: 2016-06-24 08:31
With the recent opening of the Wanda Theme Park in Nanchang, East China's Jiangxi province, and the Shanghai Disney Resort, the domestic theme park industry is now in the public spotlight.
China has witnessed the fastest development of such entertainment parks in the world in recent years, with 21 opening in 2015 alone. Aside from those in the bigger cities, some medium-and small-sized cities have also started building theme parks or have made plans to do so.
However, compared with the increasing number of parks, only 10 percent of them reportedly make a profit, and 80 percent of those built in the past 10 years have gone bankrupt, with an economic loss of 300 billion yuan ($45.6 billion).
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