Disneyland in Shanghai: 2014

And so Mickey Mouse and friends successfully penetrated Shanghai and the contract has been approved and finalized last November 04, 2009. Many local Chinese take this as a good sign since it'll mean more employment opportunities for them and of course tourism is expected to spike.
This particular Disneyland is said to be a lot bigger than Hong Kong Disneyland (which is the smallest park by the way).

The theme park is expected to open to the public in 2014. As quoted from Chinadaily,

The two existing theme parks in Shanghai, Jin Jiang Action Park and Happy Valley, were philosophical about the arrival of Disney.

"We take the Shanghai Disneyland not as a competitor, but as a foreign counterpart that will inspire us to provide better services," said Cui Zhineng, general manager of Jin Jiang Action Park.

"As a home-grown theme park, we have more products based on the Chinese culture and cater to Chinese visitors and we cost less," said Ren Kelei, chairman of OCT Enterprise Co, which runs Happy Valley.

That's a great attitude, isn't it? This makes me want to save more so the whole family can have a vacation in Shanghai and my daughter will be able to wear her cute Qi Pao :)