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NANCHANG (Web Desk) – China’s richest man has opened a massive entertainment complex to compete with the American entertainment giant Walt Disney.

“Wanda City”, which is located in the south-eastern city of Nanchang, features rides, shopping centers and an aquarium, costing more than $3 billion (just over £2b) to construct.

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Wang Jianlin, the owner, said he wanted to move away from western imports and to establish a global brand based on Chinese culture, the BBC reported.

Disney is planning to open its own theme park in Shanghai next month.

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The new entertainment complex includes an $800 million China-themed park filled with twirling “porcelain teacup rides” and bamboo forests, as well as a huge indoor shopping mall, and what is claimed to be the world’s largest ocean park.

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After the site in Nanchang, Wanda plans to open 15 more theme parks in the country by 2020.

Meanwhile Disney’s theme park in Shanghai, costing $5.5bn, will be the company’s sixth theme park and its fourth outside the United States after Paris, Tokyo and Hong Kong.