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People ride amusement park rides at Coney Island on March 29, 2015 in New York City.

China to Have World's Biggest Theme Park Market by 2020: Report

Charissa Echavez   | Oct 31, 2016 10:27 PM EDT

China's theme park industry is poised to become the biggest in the world by the end of the decade, South China Morning Post reported citing analysts.

Universal Studios starts the construction of its $7.4 billion Beijing theme park.

Universal Studios Starts $7.4B Chinese Theme Park Construction in Beijing

Charissa Echavez   | Oct 31, 2016 08:15 AM EDT

Shanghai Disneyland is soon to face another rival as construction of a $7 billion Universal Studios theme park has reportedly started in Beijing, state media reported on Monday.

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