- CNTV English - CCTV News

World Expo drives Shanghai economy

10-08-2010 09:09 BJT Special Report:Shanghai World Expo 2010 |

Watch Video

Play Video

This year's World Expo has attracted nearly 60 million visitors to the city of Shanghai, giving them a taste of different cultures from around the world. It's also been a key driver of the local economy.

It's hustle and bustle in World Expo Park, as visitors flood to purchase from the huge variety of Expo merchandise on offer. Since the event opened, retail sales of franchised products have exceeded one billion yuan, accounting for 80 percent of total retail sales in the park.

Manager of World Expo Store said "Our daily retail sales are around 210 thousand yuan. We receive 20 or 30 thousand visitors every day."

Nearly 400 thousand visitors flock to World Expo park everyday. 70 percent of them are from outside of Shanghai. And the local tourism industry is also getting a boost from the extra visitor flow.

One visitor said "I want to visit the Oriental Pearl Tower and the Bund."

And Shanghai's retail sector is also reaping the rewards, with department stores seeing the effect of World Expo fever.

Li Guoding, General Manager of Business Company, Shanghai said "Our retail sales in our 27 stores have increased by 22 percent year-on-year, from April to September. The profits are expected to exceed 3 billion yuan."

Boosted by World Expo, Shanghai's total retail sales in the first eight months of this year, approached 400 billion yuan, reaching an all-time high.

Related stories

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program