Disney pushes first China theme park as Chinese shares fall againComments Off on Disney pushes first China theme park as Chinese shares fall again
Visitors to the $5.5 billion (£3.5 billion) park will be greeted by Mickey Mouse, Peter Pan and Star Wars’ Han Solo when the park in Shanghai opens to the public next year.
The park, featuring six themed “worlds” based on Star Wars and the Marvel superheroes, will be “authentically Disney and distinctively Chinese”, according to chairman and chief executive Bob Iger.
Disney’s announcement came as China, ravaged by a recent brutal stock market crash, suffered more turmoil despite better than expected growth between April and June.
The economy grew at an annual pace of 7% over the quarter, beating analysts’ forecasts, though its volatile stock markets took a sharp dive in a reminder of the threats to Beijing’s efforts to direct the economy out of a slowdown.
The National Bureau of Statistics called the stock markets key to economic stability as it released the figures but China’s main Shanghai index closed down 3%.