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Disney World Opens in Shanghai

Disney's $5.5 million park in Shanghai, China, its largest overseas investment, opened its doors Thursday. Speeches by Communist party leaders alongside songs by a Chinese children's choir and greetings from Sleeping Beauty and other Disney characters graced the opening of the first Disney theme park in mainland China. Disney will face fierce competition from less expensive domestic theme parks featuring well-loved cartoon characters in China, but analysts believe there is room...

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