Browsing Tag

communist party

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One of China’s Richest Men is Building a $1.74 Billion Communist Party Theme Park

After giving up on his plans to crush Disney in China, Wang Jianlin — one of the country’s richest men — is back on the theme park business with eyes on the nation’s Communist party.

In a recent announcement, Wang’s Wanda Group — one of the world’s largest commercial real estate developers — said that it will spend 12 billion yuan ($1.74 billion) to build a theme park in Yan’an, the city that served as the headquarters of the Communist Party during the Chinese Civil War.

China Will Vote to Let President Xi Jinping Rule Indefinitely

The Communist Party of China reportedly proposed to change the country leader’s term in the constitution, which states that the president and vice-president “shall serve no more than two consecutive terms.”

The proposal, publicized by state-run media outlet Xinhua, was forwarded by the party’s Central Committee on Sunday. The 200-member body of senior members are set to hold a three-day assembly starting on Monday, Shanghaiist reported.