Disney's long-awaited theme park in China's Shanghai will open on June 16. The company announced Tuesday that the $5.5 billion facility will feature everything from an Enchanted Storybook Castle, which is the tallest in any Disney park, to a "Toy Story", which is a themed hotel and a theater with a Chinese-language production of the Broadway hit "The Lion King." Disney also said the park will reflect China's own culture.
The Shanghai park broke ground in 2011. It is a joint venture between Disney and China's state-backed Shanghai Shendi Group, with the US firm owning a 70 percent stake in the management company. Experts say the theme park could contribute over 3 billion dollars to Shanghai's economy every year and account for one percent of the city's annual gross domestic product.
