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Chinese developers sidestep theme park embargo

Chinese developers sidestep theme park embargo
June 12, 2012

The Chinese Government's suspension on building large theme parks is being sidestepped by attractions developers.

Speaking at last week's Asian Attractions Expo (AAE) in Hong Kong, Chris Yoshii, AECOM Vice-President Chris Yoshii suggested that developers "can call the theme parks something else, such as cultural parks. They can also divide a project into smaller ones ... there is a lot of grey area in the suspension."

In August last year, the Chinese Government's The National Reform Development Commission called a halt to all new theme park projects over 300 hectares and costing more than 500 million yuan (HK$610 million).

The measure aimed to clamp down on local government spending and rein in unauthorised real-estate development in what is now the world's fastest-growing leisure market

Yoshii said an official ban on the construction of golf courses on the mainland in 2004 saw developers rename their projects "green sports grounds" so as to get around the injunction.

The AECOM consultancy last week released the AECOM Theme Index, measuring global attractions performance. The Index shows that three to six parks will be finished in China every year in the next five years, and 10 projects will begin construction this year. In 2017, the number of projects to get under way - which covers both expansions of existing parks or new projects - is set to rocket to 27.

While some entrepreneurs will still try to build large entertainment complexes, others are opting to develop smaller attractions to abide by the new rules, according to AECOM Senior Economist Forrest Ren Guocai.

Image: Chimelong Water Park, Guangzhou 

30th May 2012 - 100 MILLION VISIT ASIAN THEME PARKS IN 2011

29th August 2011 - CHINA CURBS THEME PARK PROJECTS

20th June 2011 - ASIAN ATTRACTIONS BOUNCE BACK AMID MIXED GLOBAL THEME PARKS PERFORMANCE

1st April 2011 - VILLAGE ROADSHOW TO DEVELOP CHINA THEME PARKS 

29th April 2010 - GLOBAL STUDY SHOWS RESILIENCE IN THE THEME PARK INDUSTRY

25th January 2010 - IAAPA TAKES SAFETY EDUCATION ON THE ROAD IN 2010


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