China is big enough to support two Disneyland resorts, a top executive said Sunday, amid concerns the company's new Shanghai park would draw visitors away from its one in Hong Kong.

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Hong Kong Disneyland aims to further expand the theme park, on top of the expansion approved earlier this year, because of the planned opening of the Shanghai Disneyland park, the Hong Kong Economic Times reported Monday, citing an unnamed source.

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Hong Kong Disneyland must win its race against time and complete its expansion before the company's Shanghai attraction opens in 2014.
That was the message from Secretary for Commerce and Economic Development Rita Lau Ng Wai-lan yesterday as the Lantau Island attraction ruled out cheaper admission fees to attract more visitors.

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The announcement of the Shanghai Disneyland project has boosted the price of a piece of land close to the resort site.

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It is sure that the US Walt Disney Co. will locate a Disneyland park in Shanghai, the financial hub in China, and the park is expected to be one of the most important projects for the city's twelfth Five-year plan in the period from 2010 to 2015, according to top executives of the China Society for Promotion of Industrial Economic Research and Development.

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Hong Kong has reached a deal with the Walt Disney Co to expand the local Disney theme park, seen as necessary to bolster the park's long-term prospects against a Shanghai rival, a newspaper reported on Thursday.

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