According to Ecns.com, Chinese government owned China Shipbuilding Industry Corporation (CSIC) is now building parts for the full Titanic replica. The replica will be the main attraction at Seven Star’s planned theme park in Daying where it will be permanently docked. It is scheduled to open in 2017. U.S. based designers are working with Seven Star to develop precise dimensions and layout. The replica will meet all current safety standards and is estimated to cost $161 million or 1 billion yuan. The sinking simulator apparently will be a separate simulation in the same theme park.

As for Clive Palmer’s Titanic replica, not a word.

Source: State-Run Shipbuilder Begins Assembling Parts For Full-Scale Titanic Replica(18 May 2015,Ecns.com)