That is an incredibly misleading statement:

Quote:

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How much of Disney is owned by China?
43 percent
The Walt Disney Company owns 43 percent of the resort; the majority 57 percent is held by Shanghai Shendi Group, a joint venture of three companies owned by the Shanghai government.

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That statement is ONLY in reference to the Shanghai Disney Resort, NOT the Disney company overall.

The resort's management structure consists of three companies:

Shanghai International Theme Park Company Limited – 43% owned by The Walt Disney Company, 57% owned by Shanghai Shendi Group – ownership company for theme parks within the resort
Shanghai International Theme Park and Resort Management Company Limited – 70% owned by Disney Parks, Experiences and Products, 30% owned by Shanghai Shendi Group – manages and operates the resort as a whole as well as the project to develop it, on behalf of the ownership companies
Shanghai Shendi Group itself comprises three companies:
Shanghai Lujiazui (Group) Company Limited
Shanghai Radio, Film and Television Development Company Limited
Jinjiang International Group Holding Company