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Video: Interview Yu Zhengsheng: Part 2- Does financial crisis bring any significance to Expo today?

08-10-2010 15:14 BJT


Q2: When Shanghai won the right to do the Expo, nobody had any idea that there would be a worldwide financial crisis which struck in 2008. With the contest with the world's beginning to recover led by Chna to a more normal situation. Does that bring any additional significance to the Expo today?

A: The financial crisis has made it difficult to raise fund for building expo pavilions. As late as June 2009, the money for the UA pailion was still nowhere in sight. and the financial crisis was getting even deeper. Later thanks to evretary of State Clinton's involvement, funds for the pavilion were secured.

Yes, the financial crisis has affected the Expo, but not the popular enthusiasm with a few exceptions. Iceland is a country that has been particularly hard-hit bby the crisis, but the building of the Iceland Pavilion has not been difficult.

To solve the financial crisis, consumption has to be stimulated. Investment is also needed. The most important task is to develop industry. This relates directly to consumption and Investment. For industry to develop, we must have low-carbon technology and environmentally-friendly technology. This is pressing task for all humanity, if we' re to live in harmony with nature. The Expo is displaying a lot of green technologies such as new-energy vehicles, on-petrochemical power generating equipment and energy-saving technology. The concept of better city, better life is being demonstrated through the environmentally-friendly technologies on display in many pailions. This tech will play a key role in our future, and very important in creating new investment and consumption demand. Creaing this demand will significantly enhance economic development and help check the finanial crisis. I believe the Shanghai Expo will play a key role in improving the world economy.

Editor:James |Source: CNTV

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