Unfortunately, this template is not so useful. I believe that in the previous version of cocos2d-x (based on the tutorial), the paths were absolute and directly referenced the cocos2dx , cocosdenshion .
Now, since they are relative ( ..\..\cocos2dx ), and they are not copied to the solution catalog when creating the project, this simply does not work.
Obviously, you could fix the paths (as you said), but my suggestion is to copy the HelloWorld project and use it as a template. The structure of the solution is much better than that in the template, as it is already prepared for iOS, win32 and Android. Believe me, it could not be easier.
Now, here's the catch: if you copy the HelloWorld project to the sibling folder, you are done, since all the links are already configured. If you want to copy to another location, you also need to copy cocos2dx , cocosdenshion , leaving the target structure as follows:
target_path\cocos2dx target_path\cocosdenshion target_path\Copy_of_Hello_World
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