World Expo a boost to Shanghai's global financial center goal: economist

13:22, April 29, 2010      

Email | Print | Subscribe | Comments | Forum 

The Shanghai World Expo provided a boost to the city's efforts to transform itself into a global financial center, a leading Shanghai-based economist said in an interview with Xinhua Thursday.

The six-month event not only stimulated infrastructure construction and consumption, but could also showcase Shanghai's managerial expertise and economic vitality on this unique stage, said Lian Ping, chief economist of the Bank of Communications, China's fifth largest lender.

"The Expo will help attract more bankers and investors from both home and abroad to visit the city and do business here. The event will become a growth engine of the city and neighboring provinces for the next decade," Lian said.

The Shanghai World Expo, scheduled to open on May 1, will be the largest world exhibition ever and is expected to attract 70 million visitors from both home and abroad.

"The municipal government should also endeavor to attract top financial talents to the city by more competitive salaries and long-term incentives," he added.

The Chinese government decided in March 2009 to build the eastern metropolis into an international financial and shipping center in line with the country's economic strength and the international status of its currency by 2020.

Source: Xinhua

(Editor:黄硕)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based eastday.com reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion