Mayor Han Zheng told reporters Sunday that the city plans to make an announcement as early as this week to explain details of the plan -- handy timing ahead of President Barack Obama's planned Nov. 15 visit to Shanghai.
An official in the public information department of the National Development and Reform Commission, China's main planning agency, confirmed Monday that the plan had been approved.
I still wonder how much the new park will cannibalize the already struggling attendance at Hong Kong Disneyland. Maybe Disney is hoping that HK Disneyland is more "regional", serving the Asia-Pacific market, while Shanghai is more geared towards mainland Chinese? Still, there seems to be a lot of overlap here.