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Wanda inks $1.7 billion "red tourism" site in China's Communist heartland

December 15, 2018 3:02 PM
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BEIJING (Reuters) - China’s Wanda group has signed a deal to build a sprawling complex for patriotic tourists to visit a site where the ruling Communist Party’s traces its revolutionary roots in northwestern Shaanxi province.

At a ceremony in Beijing on Thursday, China Wanda Group and the Yanan city government agreed to start work on a 12 billion yuan ($1.74 billion) “red tourism” project next year, the company said in a statement.

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