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【时文阅读】 Disney's CEO welcomes China's two-child policy

(2015-10-30 21:38:28)
分类: 【时文阅读】

China's two-child policy would greatly benefit the Walt Disney Company, said CEO Robert Iger at a global meeting of University of Southern California in Shanghai on Friday.

"Thanks for sending us more kids," Iger joked, adding that he wanted to write a thank-you note to Chinese leaders.

The government announced an end to its more than 30-year "one-child policy" on Thursday, which means about 90 million families will become eligible to have a second child and the country's population is expected to expand to an estimated 1.45 billion by 2030.

Iger said it's a good opportunity for Disney as now there will be more children, which means more younger visitors will go to the company's amusement park in Shanghai in the future.

Shanghai Disneyland, whose construction started in April 2011, is set to open in the spring of 2016.

As the first Disneyland Park on the Chinese mainland, Shanghai Disneyland reportedly mixes in the local culture, so that visitors can not only play in a Western Disneyland but also experience Chinese culture.

"China is the world's most populous country and the most dynamic economy, especially Shanghai, a place which is full of innovation and fresh vitality," said Iger, adding that all Fortune 500 companies regard Shanghai as a vital and inspiring city and would like to be present there.

China's new population policy further eases the country's child policy in late 2013, when it allowed couples to have a second child if either parent is an only child.

Liang Jianzhang, a Chinese expert on population, estimates that 2.5 million more babies will be born every year as a response to the new second-child policy.

Huatai Securities predicts that millions of newborns will boost relative consumption with an increase of 120-160 billion yuan ($19-25 billion) a year. As a result, stocks of the companies in the fields such as food and beverage manufacturing, toys, children's clothing, and the education and training industry will likely surge.

"Dairy and baby-related stocks are all benefiting, and I expect real estate, education and healthcare to also get some support," said Zhang Yanbing, an analyst at Zheshang Securities in Shanghai.

The predictions have been proved in the short term on Friday, as food and beverage shares gained despite a 0.1 percent dip of the Shanghai Composite Index.

Among Friday' most active stocks in Shanghai were Citic, up 3.7 percent to 15.86 yuan and dairy company Yili Group, up 2.4 percent to 15.93 yuan.

In the morning session, Beingmate, a Shenzhen-listed manufacturer of baby foods, was up 10 percent, hitting the daily limit set by Chinese regulators for stock gains.

From http://www.chinadaily.com.cn/china/2015-10/30/content_22328010_2.htm

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