According to news portal Caixin, Chinese conglomerate Wanda announced today that it will invest ¥12 billion (€1,535 million euros) in a communist theme park in Central China.
Spanning over 1 square kilometer, the project includes 'educational elements', entertainment, and a tourist village inspired by the Long March (1934-1936), the battle that established the Chinese Communist Party (CCP) and the founder of the People's Republic, Mao Zedong.
The park will be built in Yan'an, Shaanxi province (Central China), the Red Army's final crossing point.
Construction works will start in 2019 and should be completed by 2021, in time for the celebrations of the CPC centenary.
According to Caixin, the initiative could be an effort by the Wanda group to improve relations with the Chinese government.
The group was one of the main targets of the Chinese authorities' warnings about "irrational investments" abroad that may "pose a risk" to China's financial system.
The founder of the Wanda group, Wang Jianlin, is one of the richest men in China and a CPC member.