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Wanda inks US$1.7b deal to create ‘red tourism’ site in China’s Communist heartland

, Wanda inks US<img src= The logo of Wanda Plaza sometimes appears in Shanghai in this December 23, 2014 file photo. — Reuters pic

BEIJING, Dec 15 — China’s Wanda group has signed a deal to create a sprawling complex for patriotic tourists to go to a site where in fact the ruling Communist Party’s traces its revolutionary roots in northwestern Shaanxi province.on Thursday

At a ceremony in Beijing, China Wanda Group and the Yanan city government decided to start focus on a 12 billion yuan (US$1.74 billion/RM7.2 billion) “red tourism” year project next, the ongoing company said in a statement.

It was unclear from the announcement what part of the money will be invested by Wanda.

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“Wanda Group, consistent with historical mission and social responsibility, promote the Yanan spirit and make the Yanan Wanda City a fresh national red tourism trademark,” Wanda’s billionaire chairman Wang Jianlin said in the statement.

year also it should be available to the general public by 2021

Work on the website will start next, with time to be a part of celebrations for the 100th anniversary of the Chinese Communist Party’s founding.

The complex shall include sections focused on revolutionary spirit, military entertainment, intangible cultural heritage and the first days of the ongoing party, along with five squares themed on different stages of Yanan’s history.

The communists based themselves in Yanan from 1935, where that they had retreated from Nationalist troops, before winning the Chinese civil war and establishing the People’s Republic of China in 1949.

The city, referred to as the cradle of the Communist revolution in party mythology, is really a popular site for patriotic tourists. — Reuters