Shanghai To Become World-famous Tourist City

The municipal government of Shanghai, China's financial and business center, recently said it aims to turn the city into a world-famous tourist city during the 12th Five Year Plan period from 2011 to 2015, making tourism a strategic pillar sector and a modern service industry.

Shanghai Disney Theme Park Agreement Signed

U.S.-based Walt Disney has signed the formal agreement with Shanghai Shendi Group Corporation — a company backed by the Shanghai municipal government — to jointly develop a Disneyland theme park in the country's financial hub.