Shanghai Disney Resort is officially open

Posted | Contributed by Jeff

Under stormy skies, Disney opened a bright and shiny $5.5 billion theme park here Thursday, a bet on the increased spending power of the Communist country’s growing middle class. Disney’s President and CEO Bob Iger and senior Chinese politicians cut the red ribbon just after 11 a.m. local time in a short ceremony in front of the enchanted castle.

Read more and see video from USA Today.

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