Shanghai government denies rumors of Disney project approval

According to Shanghai Securities News, at a press conference on October 29, spokesman of the Shanghai Municipal Government Chen Qiwei said that the Shanghai Disneyland project is still awaiting approval from the State department. At present there is no updated information.

Chen Qiwei made the above statements responding to recent rumors that the Disney project has already been approved, and may be announced in the news this week. There was a report earlier this week suggesting that the Shanghai Disneyland project had been approved in mid-October and final steps in the administrative procedures are currently being taken.