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Wang Jianlin

Disney opens ‘distinctly Chinese’ Shanghai park

in Apolitical/Top Headlines by

Walt Disney Co. opened its Shanghai theme park Thursday, its first in mainland China, with speeches by Communist Party leaders, a Chinese children’s choir, Sleeping Beauty and other Disney characters. A Chinese vice premier joined Disney CEO Bob Iger in cutting a red ribbon as the park opened, signaling the ruling party’s endorsement of the $5.5 billion investment in promoting tourism and other service industries at a time of slowing economic growth. They read out letters of congratulations from the…

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