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Richest man in China, Wang Jianlin, who is worth over £23 billion, opened his second theme park on September 24 in the country in a bid to compete with mega brand, Disney.

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Wang Jianlin, chairman of real estate conglomerate Dalian Wanda group, has raged war on Disney telling reporters that he wants Disney to be ‘unable to make a profit in this sector in China for between 10 and 20 years‘.

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The new park cost 34 billion yuan (£3.9 billion) to create. The first phase of the theme park opened on Saturday and includes a hotel complex, movie centre and a shopping mall.

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The 160 hectare (1.6 square km) park includes a six-star hotel, a five-star hotel and five other hotels providing some 3,500 rooms. It’s hoped that the theme park will attract some 100,000 tourists each day on average, reports China Daily.

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The new park is 500 kilometres (310 miles) from the Shanghai Disney Resort well within range to compete for visitors with the park. A ticket to the theme park is 218 yuan (£25.18) for single admission and 308 yuan (£35.57) for a family.

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