A top Chinese official met with Disney CEO Bob Iger in Beijing on Friday, both assuring further investment by Disney in the country.
Disney Investing in China
Xinhua, the official state news agency of China, reports that Vice Premier Ding Xuexiang encouraged Iger to continue investing in China despite the country previously threatening to restrict Hollywood movie imports amid high U.S. tariffs.
“We will steadfastly promote high-quality development, expand high-standard opening up, and continuously optimize the business environment,” said Ding.
According to Xinhua, Iger said Disney is confident in China’s development, and will continue to expand its investment in China and better promote exchanges and cooperation between China and the U.S.
Back in 2023, Iger expressed concerns about Disney’s business in China, saying, “I think it’s pretty obvious that issues between our countries’ tensions have had an impact on business, not just Disney’s but on other companies as well.”
Beijing restricts the number of foreign films allowed in China each year, emphasizing domestic films instead. Disney has two theme parks in China: Shanghai Disneyland and Hong Kong Disneyland.
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