You skipped the part where Disney has partnered with the Chinese government, giving them substantial funds and ownership.For Disney it was not a bad deal. Although they gave up 57% ownership in the resort plus plans for a Disney Channel in China they are keeping most of the profits as they are not paying a 25% corporate tax, local taxes, and other fees. Having the Chinese government as a partner in a business venture has many advantages in China.
By tapping into China's mushrooming middle class, the park became an instant smash hit. According to Kevin Lansberry, Interim Disney Chief Financial Officer Shanghai Disney, is seeing record highs in revenue, operating income, and profit margins.
Disney Theme Parks Get a Boost from Shanghai Resort Re-Opening
Shanghai was a key driver to the Walt Disney's theme park division’s strong growth in the third quarter, executives said in an earnings call Wednesday. Shanghai Disney Resort was a key driver to Walt Disney Corporation's theme park division’s strong growth in the third quarter, according to a...skift.com
China is an absolute enemy to the American public, although most are too stupid to realize it.. and just want to buy low priced items made by Chinese essentially slave labor.