Beijing to invest 50 bln yuan to build animation city

Beijing is going to raise 50 billion yuan to build up Chinese Animation and Game City as China's "animation Hollywood and Disneyland".

Besides, Beijing will provide 100 million yuan each year as financial suport for the Animation city which is located in the former site of Shougang Group, China's eighth largest steel maker.

In the 83-hectare area, the Animation city will include six major function areas such as theme park, trade management center, research and production center, business service platform, office building, hotel and living area.

At the moment, some online game companies have already entered the Animation city, such as sohugame and Linekong. Famous internet companies like Netease, Tencent and Giant are also listed on the business plan.

Beijing government vows to provide favorable policies on taxation, land development, infrastructure construction, financial support and talents recruitment.