Hangzhou Bay Sunac Cultural Tourism City (Six Flags Haiyan)
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I believe its somewhere along this section of coast.

https://www.google.co.uk/maps/@30.527094,121.0202331,19932m/data=!3m1!1e3?hl=en-GB

no exact point yet though.

Can someone pinpoint the location on a map? Is it far from Shanghai?

...and here is concept art for the Six Flags China park:





You can find more here:
http://www.lvcgroup.com/content/details27_34.html

Found on the Chinese internet. Here are more photographs from the announcement ceremony:





http://www.xinhuanet.com/house/bj/zt/shanshuilq928/

Going ahead:

Yesterday, we signed an MOU with the provincial government of Zhejiang to develop the first Zhejiang Riverside Six Flags international Resort in Haiyan County.

Source: LinkedIn
Haiyan is close to Shanghai