Subscribe free to our newsletters via your
. Nuclear Energy News .




POLITICAL ECONOMY
China's Bank of Beijing says top official investigated
by Staff Writers
Shanghai (AFP) Feb 3, 2015


Disney China opening delayed to 2016
New York (AFP) Feb 3, 2015 - US entertainment giant Disney's first theme park in mainland China will not open until early 2016, the company said Tuesday.

Chief executive Robert Iger said the delay will push the debut of the Shanghai version of the Magic Kingdom from later this year to spring 2016.

No reason was given for the delay.

The English-language China Daily newspaper reported in January that there might be "some difficulty" with a 2015 opening. Disney and its Chinese partner, Shanghai Shendi Group, broke ground on the park in April 2011.

The facility will be Disney's third in Asia after Hong Kong and Tokyo. It also has parks in the US states of California and Florida, as well as near the French capital Paris.

A partially completed hotel, castle and artificial mountain were visible within the tightly guarded site on Monday, AFP journalists saw.

Speaking last week, Shanghai mayor Yang Xiong said the basic construction of the park and ancillary facilities would be completed this year.

"As for the exact opening date, I guess we still need to do more preparatory work and have further discussions with the Walt Disney Company as well as other Chinese partners."

Shanghai will complete a subway line extension to the park this year, Yang said in January.

A director of medium-sized Chinese lender the Bank of Beijing is under investigation by authorities, the firm said, the second senior banker implicated in corruption in under a week.

Lu Haijun was being probed for alleged "serious disciplinary violations", the Shanghai-listed bank said late Monday in an exchange filing.

It gave no further details, but in China the term typically refers to corruption. Lu was one of the bank's 10 directors according to its latest available earnings report, for the first half of 2014.

"The bank's operations and management are normal and the matter has no impact on the bank," the statement said.

The company's shares were down 0.20 percent at midday in Shanghai.

Lu was also former chairman of a major bank shareholder, Beijing Energy Investment Holding, according to the statement.

The announcement follows media reports that Mao Xiaofeng, president of China's largest privately owned lender Minsheng Bank, had been taken away for questioning in a corruption investigation.

Minsheng said Saturday that its operations were normal and Mao had resigned for "personal reasons".

Chinese President Xi Jinping has touted a crackdown on graft since assuming the Communist party's top post in 2012, targeting both high-level "tigers" and low-level "flies".

Earlier probes have mainly focused on government officials, but the 21st Century Business Herald reported that "the anti-graft storm is going to sweep over the financial sector".

China's oil industry was also embroiled in a corruption scandal over the past two years, leading to the downfall of Jiang Jiemin, former chairman of state-owned oil giant China National Petroleum Corporation (CNPC).


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





POLITICAL ECONOMY
Hong Kong billionaire Li Ka-shing bets on Europe as China slows
Hong Kong (AFP) Feb 1, 2015
Famed for his sharp business acumen and knack for perfectly timed investments, Hong Kong billionaire Li Ka-shing is shifting away from a slowing Chinese economy and bargain hunting in Europe. The move is seen as a quest for stability for the tycoon's vast empire and a sign of diminishing confidence in the region. Li's holdings are embodied in a striking 63-storey glass skyscraper in the ... read more


POLITICAL ECONOMY
Renewable energy drives production of southern wood pellets for bioenergy

Toward the next biofuel: Secrets of Fistulifera solaris

Cyanobacterium found in algae collection holds promise for biotech applications

Researchers produce two bio-fuels from a single algae

POLITICAL ECONOMY
Natcore Makes Back-Contact Solar Cell Using Laser Processing

New light-converting materials over cheap, efficient solar power

Pinholes are pitfalls for high performance solar cells

Los Alamos develops new technique for growing high-efficiency perovskite solar cells

POLITICAL ECONOMY
Massachusetts set for offshore wind energy

150-MW Briscoe wind project fully funded

New wind farm study a load of hot air

Dulas to acquire fleet of ZephIR Lidars for rental to UK wind market

POLITICAL ECONOMY
Russia and DPRK May Develop $20-30 Billion Power Grid Project

Patents provide insight on Wall Street 'technology arms race'

Towards a scientific process freed from systemic bias

US Vows to Help Prop Up Bulgarian Security, Diversify Energy Supplies

POLITICAL ECONOMY
Infrared imaging technique operates at high temperatures

Masdar, Masdar Institute And ABB Announce New Facility

membrane will make batteries safer, thinner

Generating Mobius strips of light

POLITICAL ECONOMY
Dawn ahead!

Kepler astronomers discover ancient star with 5 Earth-size planets

Ancient star system has Earth-sized planets forming near start of universe

Gigantic ring system around J1407b much larger, heavier than Saturn's

POLITICAL ECONOMY
BAE Systems gets Navy engineering, support contract

Navantia opening Brazilian subsidiary

Building of new Coast Guard cutter officially begins

Russia Ready to Supply India With Anaerobic Submarines

POLITICAL ECONOMY
Helicopter Could be 'Scout' for Mars Rovers

Hilltop Panorama Marks Mars Rover's 11th Anniversary

Mysteries in Nili Fossae

NASA, Microsoft Collaboration Will Allow Scientists to 'Work on Mars'




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.