Shanghai World Expo is "engine" driving local economic transition

15:43, January 22, 2010      

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January 21 is exactly 100 days before the opening of the Shanghai 2010 World Expo May 1, 2010. To date, the construction of the Shanghai Expo Park stands at 90 percent completion and over 18 million admission tickets have been sold. More than 100 million tourists worldwide are expected to visit the Expo, the highest in the history of the event.

It is estimated that there will be 70 million tourists during the Shanghai World Expo. Shenyin & Wanguo Securities believes that this will increase the passenger throughput of Shanghai's Hongqiao and Pudong airports by 6.2 million. According to the most conservative estimate, if the tourists stay in Shanghai for 3 days on average, they will contribute revenues totaling over 100 billion yuan to Shanghai’s retail, tourism, food and beverage, hotel, transportation and other relevant industries. The Expo will undoubtedly function as a giant engine driving Shanghai's economic transition.

According to research by Southern Huijin Investment Management Company, the hotel industry will benefit most from the Shanghai 2010 World Expo, taking 34.3 percent of total revenues. The aviation, retail, food and beverage and urban transportation industries will take 26.1 percent, 14.8 percent, 4.2 percent and 10.1 percent of the total respectively.

Some permanent pavilions that will remain intact after the Shanghai World Expo will become landmark buildings in Shanghai, driving the long-term development of the city's tourist industry.

By People's Daily Online
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