China suspends work on Universal Studios project

Posted Thursday, July 15, 2004 10:51 AM | Contributed by supermandl

Authorities in Shanghai have suspended work on a Universal Studios theme park as part of an effort to cool surging economic growth The city postponed work after a team of inspectors sent by China's central government reviewed local development plans.

Read more from UPI via The Washington Times.

Thursday, July 15, 2004 12:54 PM
janfrederick's avatar They only had 2 dozen people working on it? That doesn't sound right.

I wonder why they want to cool the economy? Inflation? Worried about folks wanting more freedom? Widening gap between rich and poor?

Sounds strange.

Makes you think about how that would have gone down in a democracy. I think they would have at least thought about how this would come off in the public's eye first...perhaps spun it a little better. I don't know.

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Thursday, July 15, 2004 9:39 PM
I think it meant that 2 dozen were layed off from the project, would sure hope they'd have more than that for a big project like this. But this blows for Universal. The park can only make money when it's operating, won't this forced delay cost them millions in revenue? Who picks up the tab for that, sure hope the government does. I agree, it all makes no sense whatsoever.
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Monday, July 19, 2004 9:24 PM
I wish they'd cool the economy by not sending my job to China!
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