This Day, That Year: theme park

Shanghai Disneyland closed its first official opening day on June 16, 2016, with a stunning firework display. [Photo/IC]

The latest is Disney's first theme park on the Chinese mainland, Shanghai Disney Resort, which opened last month.

Another 2,500 parks have been planned.

Universal Studios will open an $8 billion Hollywood theme park in Beijing in 2019.

Chinese firms are also entering the business in a big way.

Dalian Wanda Group recently unveiled a plan to build 15 Wanda Cities by 2020.

However, there is a cautionary note from the Qian-zhan consultants - they say almost 80 percent of parks built in the past 10 years have gone bankrupt.

Meanwhile, Beijing's Miyun International Amusement Park has been converted to a convention center.

Related stories:

First Disney resort in Chinese mainland opens in Shanghai

Shanghai Disney seen as nation's top future draw

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