Word: shanghaied
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...months ago, with memories of this debacle fading, my brother and I began to discuss buying property together again--this time in Shanghai. China's economy is growing at 9% a year, and Shanghai is the epicenter of the boom, yet apartments there still cost far less than in Hong Kong, Tokyo or New York City. That gap will close, says Marc Faber, an emerging-markets expert who writes a newsletter called the Gloom, Boom and Doom Report. "Eventually," he predicts, "Shanghai property prices will be higher than prices in New York...
Director David Dobkin (veteran of the Wilson flick “Shanghai Knights” and Vaughn’s “Clay Pigeons”) allows the romance to slip into overload, and the numerous musical montages and extreme close-ups to start to grate. But all this is tempered by the chemistry of Wilson and McAdams...
Disney is no stranger to China. The company debuted there in the late 1930s, when the cartoon Snow White and the Seven Dwarfs was screened in Shanghai. Today Disney sells Mickey Mouse gear through 1,100 Disney Corner outlets, and it wants to double that number over the next year. Disney movies and TV programs, like the popular Dragon Club series, appear on local television. With 24 hours of programming a week, Disney claims to be the largest foreign provider of films for Chinese TV. Disney's wholesome fare has given the company a leg up on getting its movies...
...East might as well have been Mars," the anonymous former exec says of Eisner--Iger has made boosting Disney's overseas revenues a priority. China is a personal Iger favorite. He has made numerous visits, lunched with senior leaders and even dropped in for a movie at a Shanghai cinema. It was so modern, Iger says, "I might as well have been in a multiplex in Indiana...
Even before its opening, Disney is plotting to expand. According to Rasulo, Disney has been in discussions with government officials in China to bring a Disneyland to the mainland, perhaps to Shanghai. Executives are already preparing new attractions for Hong Kong, such as an updated version of the popular racing ride Autopia, due to open in mid-2006. On the drawing board are plans to nearly double the park's capacity and possibly add a second park. "We're in for a long-term commitment," says Robinson. "It's not like just opening an office and selling a product...