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New-look attraction Hong Kong Disneyland's iconic castle,
closed since 2018, will reopen on
to kick-start November 2. Below, actress Karena Lam
gets into character.
15th anniversary
celebrations
Tuesday, November 3, 2020 Volume 13, No 284 www.thestandard.com.hk
Disney castle
to reopen gates Wednesday, November 18, 2020 Volume 14, No 8 www.thestandard.com.hk
GDP surges 4.9pc in
Sophie Hui cultural features, with “uniquely designed will also act as a shining beacon of cour- Disney friends like Mickey Mouse to looks more lively and dreamy compared first economic recov-
towers, turrets and spires dedicated to their age, hope and possibility to all guests.” write their dreams and wishes on “magical to the old one, and it looks more colorful china back on track ery from pandemic
Hong Kong Disneyland’s iconic castle stories.” Visitors will learn about the castle’s dream cards.” Those cards were put into a and eye-catching.
will reopen on November 21 to kick-start The castle also shows a sense of diver- transformation story at the “Building treasure chest and placed at the top of the “I’d love to go and see the new cas-
its 15th anniversary celebration. sity, inclusion and unity. a Dream: The Magic Behind a Disney tallest tower in the castle, symbolizing the tle. It’ll look really pretty to take photos
The castle – originally the home of It is the first time in Disney history that Castle” exhibition, from concept and rebirth of the castle through the power of in front of, but I’m afraid that it will be Kevin Xu the coming months as some of China’s
Sleeping Beauty – was shut down in early an existing castle in the theme park has design development to the innovative everyone’s aspirations and ensuring that crowded and I want to avoid crowded largest trading partners start to go under
2018 and has been transformed into the undergone such a grand transformation. building techniques. the heart of the resort will always be filled places due to the pandemic,” she said. China, which is expected to be one of economic lockdowns.”
Castle of Magical Dreams after two years The old 23-meter-tall The exhibition will also with hopes and dreams. Angie said she was not a fan of the the few major economies to record For his part, Shaun Roache, Asia-
of renovation. Sleeping Beauty Castle was one present Disney princesses’ From today to November 30, citizens new castle. “The original Sleeping Beauty growth this year, reported an expansion Pacific chief economist at S&P Global
Instead of the dramatic fireworks, the of the shortest Disney castles,
stories in partnership with Walt with overdue Magic Access annual passes Castle is one of the classics of Disneyland,
castle’s design is inspired by 13 stories of along with the Sleeping Beauty Disney Animation Studios and can rejoin the membership with a 15 per- alongside Cinderella Castle. in the third quarter that was lower than Ratings, said: “No other G20 economy
expected, but the yuan still strength-
is likely to match the speed of China’s
beloved Disney princesses and queens Castle at the Disneyland Resort Pixar Animation Studios. cent discount, in addition to one compli- “I feel like they could have changed ened to an 18-month high. rebound.
– Tiana, Aurora, Ariel, Mulan, Jasmine, in Anaheim, California. A special “Glimpse into the mentary food and beverage item and one the structural designs without changing The world’s second-largest econo- “However, consumption remains
Snow White, Moana, Cinderella, Merida, The height of the new castle Magic” tour of the castle will merchandise product. the color scheme, to keep it somewhat my expanded by 4.9 percent year on proportionally weak and financial con-
Pocahontas, Belle, Rapunzel, Anna and has not been revealed but a also be launched on November The theme park will also give out lim- relevant to the classic. year, falling short of market expecta- ditions have tightened.
Elsa – and pays tribute to them for pursu- spokeswoman of the theme park 21 where visitors will be able ited edition 15th anniversary-themed but- “Instead, now we have this eyesore of tions for 5.2 percent growth, said the 8 (%) “The cautious approach to stimulus is
ing their dreams. told The Standard: “It will be much higher to explore the castle, guided by an audio tons to guests from November 21. a centerpiece that looks all over the place. National Bureau of Statistics. helpful for the sustainability of medium-
Visitors will be able to recognize the than the old one.” narration from local actress Karena Lam Disney fans had mixed reactions. “I’m excited to visit the park again, That brings gross domestic product 6 term growth but it may disappoint expec-
individual elements inspired by their The theme park said the reimagined Ka-yan. “I like the new castle, and prefer the but not for the sake of seeing the castle. growth in the first nine months to 0.7 4 China's quarterly GDP growth (year on year) tations for next year.”
favorite Disney princess through the inter- castle will not only be “a living center- Earlier, the park had asked visitors, new one to the old one,” said So after Perhaps I’ll learn to appreciate the new percent from a year before. 2 For the labor market, China’s unem-
pretation of colors, icons, patterns and piece of Hong Kong Disneyland, but it cast members, community partners and viewing the pictures. “The new castle castle, but I’ll always love the old one.” And compared to the previous quar- 0 ployment rate in urban areas was 5.4 per-
ter, China’s GDP grew by 2.7 percent -2 cent last month, down by 20 basis points
shkp May Be trailBlaZer in in the third quarter. -4 -6 from August, said the statistics bureau.
The weaker-than-expected GDP
The economic data failed to give a
boost to China’s stock market.
growth reflects slowing infrastruc-
The Shanghai Stock Exchange
ture investment growth and lingering
lanD-sharing flats race softness in corporate investment and -8 Q1 2019 Q2 Q3 Q4 Q1 2020 Q2 THE STANDARD GRAPHIC Composite Index dropped 23.69 points,
Q3
consumption, said Tommy Wu, lead
or 0.71 percent, to 3,312, while the
economist of Oxford Economics.
Shenzhen Stock Exchange Composite
China Renaissance Securities Hong Kong low-
For the full year, the country’s economy is tinues to be slow but steady, ramping up over the Index fell 15.91 points, or 0.7 percent, to 2,249.
Staff reporters The Standard’s sister publication was told “Out of 10 steps, we have only ered its forecast for China’s fourth-quarter eco- likely to grow by about 2 percent, said Yi Gang, fourth quarter and finally giving the economic In the currency market, the yuan strengthened
SHKP has multiple plots in Yuen Long, with taken one step forward,” Leung said, nomic growth to 6 percent year on year, from 6.5 the governor of the central People’s Bank of China. engine the boost that it needs,” said David Chao, 47 basis points to 6.6935 per US dollar, hitting an
Sun Hung Kai Properties could be the first some near better developed infrastructure. It and more meetings with officials were percent previously, given the risks and uncertain- In the third quarter, retail sales inched up 0.9 global market strategist for Asia ex-Japan at 18-month high.
developer to apply to become part of a scheme has also developed private estates such as Park required. ties on the road to recovery, including a potential percent from a year before. Invesco. Meanwhile, China’s central bank injected 50
to boost housing supply through a public-pri- Yoho in the area. A spokesman for the Development second wave of coronavirus infections, pressure In the first three quarters, retail sales contracted “It’s significant for this propeller start to billion yuan (HK$57.96 billion) into the market
vate partnership. That could increase the chance for the Bureau said the Land Sharing Office on employment and spending, and Sino-US ten- by 7.2 percent year on year. meaningfully contribute to the GDP growth as through seven-day reverse repos at an interest rate
“It’s likely that the consumption rebound con-
Under the Land Sharing Pilot Scheme developer to get a green light if it decides to had yet to receive formal applications
sion.
global demand for Chinese goods may wane in of 2.2 percent.
launched in May, developers can get govern- apply for the scheme. for the scheme, but there has been inter-
ment help to build infrastructure on private The developer refused to comment on est expressed and inquiries from some
land plots. whether an application would be submitted. 30 parties, including owners of private Sophie Hui
The Task Force on Land Supply estab-
Increased floor areas developed in these
lots.
projects would be shared between the gov- lished in 2017 gauges public opinion on Billy Mak Sui-choi, a member of the Sun Hung Kai Properties has The Tuen Mun-Chek Lap Kok toll-free tuen Mun airport tunnel link set to open by Xmas
plots in Kam Tin and Yuen
ernment and developers, and 70 percent of a options to increase land supply. land-sharing scheme’s panel of advis- Long, above, that it may use
site would go toward public housing or starter It submitted a report to the government at ers, said there was no cause for concern in applications for the Land Link is expected to fully open by
home development. the end of 2018, recommending among other about a lack of applications as it takes Sharing Pilot Scheme. Christmas, allowing drivers to an alternative route to the Hong a sub-sea tunnel, is expected to Betterment and Progress of Hong areas like Tung Chung only have which is always jammed now.”
In the five months since its launch, the ideas public-private partnerships, and the pilot time for developers to consider shaping reach the airport from Tuen Mun Kong International Airport. open by the end of next month Kong lawmaker Ben Chan Han- one road [to head to urban areas] Chan said bus companies are
government has not received any applica- scheme was officially launched in May. a project, and it would normally take in 10 minutes, sources said. Its southern connection – after a delay of two years. pan believes the government will and there is no free route for considering running some routes
tions for the scheme, but that could change as Wheelock Properties could also have one decades for land to be developed. The HK$44.8 billion project, viaducts linking the mega bridge It will be free of charge. announce the opening date today them,” he said. between the New Territories West
SHKP is considering filing an application on to two developments that could be woven into Among other factor, developers whose construction started in and the North Lantau Highway The 8.1-kilometer northern and make the new link free. The lawmaker said it is and the airport via the link.
land it owns in Kam Tin near Yuen Long, Sing a PPP scheme, its chairman, Stewart Leung would need to estimate the price of the 2013, provides a direct route – opened in late 2018. connection has been named Tuen He said it will also announce unfair for Lantau residents to Chan also hopes the plan
Tao Daily reports. Chi-kin, said. properties upon completion of a project between the Northwest New The northern connection, Mun Chek Lap Kok Tunnel scrapping the toll for Lantau have to pay toll fees all the time, to allow Hong Kong people to
The plot could yield 3,000 to 4,000 flats. Leung said the developer is putting out and the cost of infrastructure. Territories and the Hong Kong- which connects Tuen Mun to Road. It starts from its junction Link, which connects Lantau and unlike citizens who live in other drive their Hong Kong vehicles
And if 70 percent goes to public housing or feelers about opportunities, but he stopped But he expects more companies to Zhuhai-Macao Bridge and offers the bridge’s Hong Kong port via with Lung Fu Road in Tuen Mun Tsing Yi. districts. to Zhuhai without a mainland
starter homes there could be 2,800 such flats short of saying Wheelock would be making a follow suit after a developer submits the and ends at junctions with Chek Currently, private vehicles The new link can help Tuen license plate on the Hong Kong-
under the scheme. formal application. first formal application. Lap Kok Road and Shun Long and taxis heading to and from the Mun residents save financially Zhuhai-Macao Bridge can launch
Road – the latter connecting airport have to stop twice at the too as they can avoid paying the after the new link opens.
Hong Kong Port and North Lantau Link Main Toll Plaza to Tai Lam Tunnel toll fee when
Lantau Highway. pay a total of HK$30 for using traveling to the airport. Chan
Currently, it takes Tuen Mun Lantau Link. believes many people, especially
residents at least 45 minutes to Chan said the government those driving from Yuen Long
get to the airport via Tuen Mun originally planned to charge a and Tuen Mun, will change to the
Road, Ting Kau Bridge, Lantau fee for the new link, but his party new link to save time and money.
Link and the North Lantau persuaded the government to “The new Tuen Mun-Chek
Highway. think otherwise. Lap Kok Tunnel can also help
Democratic Alliance for the “Residents living in remote divert traffic on Ting Kau Bridge,
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