It is hard to think of two organisations that love synchronised dancing more than the Disney corporation and the Communist party of China. So when the two came together for the opening ceremony of Disney’s new $5.5bn theme park in Shanghai, the display was unsurprisingly choreographed to perfection.

Buzz Lightyear, Princess Elsa, Winnie the Pooh, Captain Jack Sparrow, Mickey Mouse, Donald Duck: the full weight of Disney’s intellectual property holdings was arrayed in phalanx in front of the world’s largest Disney Palace — and China’s watching politburo — each dancing toy action figure, princess or superhero representing a discounted cash flow in the billions of dollars.

Fireworks, speeches, more fireworks, more speeches: there was not a lot of room for subtlety. This was, after all, the world’s biggest entertainment company celebrating its beachhead into the world’s fastest growing entertainment market. Everything was done to reinforce the impression that we were watching a salient event in the recent history of the world, the formation of a new strategic partnership or new power sharing agreement — that the global entertainment industry was now a US-China duopoly.