Universal Studios to Build $2 Billion Hollywood-Themed Resort in Beijing

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Universal Studios looks to Beijing?

Located in a suburb of China's capital city, Universal Studios Beijing will be the company’s third facility in Asia after Singapore and Tokyo.

Universal Studios is planning to open a Hollywood movie theme park, Universal Studios Beijing, in the suburbs of the Chinese capital in collaboration with a local state tourism company.

The news was released on the website Sina's property pages, and spread quickly online, with much excited chatter on China's Twitter, Weibo.
The facility will cover a 51-acre site and the total budget will be 12 billion yuan ($1.95 billion). Construction is due to start in the fourth quarter of 2014, according to the local media report.