Walt Disney Co. and China

Taiwanese immigrants: China is more of a magnet for Taiwanese immigrants than ever, prompting fears in Taipei of a brain drain, according to Toronto Star. More than 600,000 of Taiwan 23 million people live at least half the year abroad, about three-quarters of them in China. Walt Disney Co. $5.5 billion investment in doubling the size of a Disneyland Shanghai, which will re-open in June, is a bet that China current tourism decline is an aberration, and that the enlarged park will be profitable as early as 2019. And development continues on the world biggest megalopolis, Jing-Jin-Ji, connecting Beijing, Tainjin and the Hebei Province, with a population about the size of Japan 130 million. It seems useful to mention a few of these Chinese realities since, in the West, there has been a conviction for the past year that the Chinese economy is cratering. JJJ, with its vastly improved parks and other recreational amenities, along with 21st-century public-transit systems that will cut commuting times from 3 hours to 30 minutes. (www.immigrantscanada.com). As reported in the news.