Dallas, Texas 07/16/2015 (Financialstrend) – The ongoing downturn in the Chinese market is not of concern to Walt Disney Co (NYSE:DIS), which is forging forward with its plans of unveiling a $5.5 billion theme park in the country. A meltdown of the Chinese stock market has seen the Shanghai Composite Index shed more than 25% over the last 30 days, eliciting concerns over the country’s long-term prospects in terms of investments.
Iger Positive Sentiments
Despite the level of volatility in the Chinese market remaining high, CEO Bob Iger remains bullish on the company’s long-term prospects in the country. Walt Disney Co (NYSE:DIS) plans to open Shanghai Disneyland in the spring made of six themed lands, Fantasyland, Treasure Cove Tomorrowland Mickey Avenue and Gardens imagination. Iger maintains that they build things to last many years and that the ongoing uncertainty in China poses no concerns to the company’s long-term ambitions.
China remains an important marketplace for many companies thanks to the huge marketplace at hand, perfect for selling various goods and services. Despite the rate of growth slowing in the recent months, China’s economy is still up by 7% as the government continues to push for more consumer-led growth.
China’s Disney Land Design
China’s theme park is one of Disney Co (NYSE:DIS)’s important theme parks according to the executive as they continue to look for other avenues of growth away from the US. The theme park in China is to be distinctively Chinese but with attributes that Disney has affirmed over the years.
The Disney castle is to be the biggest of all the parks worldwide with a Chinese touch to make it distinctively local. The company has had its ups and down in its plans to unveil the park having been forced to expand some of its plans in the process. Disney Co (NYSE:DIS) is trying to avoid a scenario that happened in Hong Kong that forced it to expand the park after it was found be small in term of its handling capacity.