November 13, 2009

Walt Disney Comes to China

Just what we've all been waiting for, Disneyland is finally coming to mainland China. Now all the "Disney" shop patrons will have a place to go with their themed purses, shoes, hats, key chains, jackets, and socks. This "Disney" stores seem to be everywhere in Harbin. There's probably one in every mall and even one just down the street from our campus. Read the news story below:

China OKs Disney theme park in Shanghai1 (November 4, 2009, AFP)
China has given the green light for Walt Disney Co. to build its long-awaited first theme park on the mainland in Shanghai, after a decade of negotiations, both sides said. The announcement of the deal, which would be one of the biggest ever foreign investments in China, comes less than two weeks before US President Barack Obama makes his first official visit here, starting November 15 in Shanghai. Neither side disclosed any figures, or gave a time frame for reaching a final agreement, but previous reports have said the US entertainment giant will invest 3.6 billion dollars in the 10-square-kilometre (four-square mile) park.

1 From the ZG Briefs November 5, 2009.

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