Recently rumor has it that the building of Disneyland in Shanghai has been officially approved and will be kicked off in 2010 after the Shanghai World Expo. It is said that the total investment on it will be 40 billion yuan instead of 30 billion, and it will be built on the Chongming Island.

However, Disney Shanghai has officially denied the authenticity of the news, and it has promised that it will let the general public know if any progress has been made.

Shanghai municipal government has also confirmed that the Disneyland had not been approved by the central government.

(China News Service December 6, 2007)