China's Dalian Wanda opens $5.1 billion tourism park [Reuters (UK)]
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Source: Reuters
Wang Jianlin, chairman of the Wanda Group, poses for pictures after an interview in Beijing, China, August 23, 2016. REUTERS/Thomas Peter By Alexandra Harney | SHANGHAI SHANGHAI Dalian Wanda Group, the Chinese entertainment giant owned by the country's richest man, opened the first phase of a sprawling 34 billion yuan ($5.1 billion) tourism park in the eastern city of Hefei on Saturday. Wanda is building similar projects around the country, betting that China's rising incomes will drive more domestic tourism. In an interview with Reuters last month, chairman Wang Jianlin said that Wanda would look to build at least 20 such complexes in China. The 160 hectare (1.6 square km) first phase of Hefei Wanda City includes a theme park, hotels and a shopping mall. The second phase will be an "indoor recreation project," according to a statement fro
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