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Expo goal 10b yuan
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Hangzhou is scheduled to host the 15th West Lake International Expo in October, during which a series of exhibitions, forums and leisure activities are expected to attract 10 million visitors and to create business opportunities for approximately 50,000 business executives and entrepreneurs.
According to the West Lake International Expo Organizing Committee, the event aims to achieve trade turnover amounting to 10 billion yuan (US$1.6 billion), and attract US$1 billion in foreign direct investment.
The West Lake International Expo debuted in 1929 and has become an annual event since it was restarted in 2000.
From 2000 to 2012, the expo achieved an aggregate trade turnover of 155 billion yuan, attracted US$11.4 billion in foreign direct investment and was host to 188 million visitors.
The expo is estimated to contribute approximately 0.5 percent to Hangzhou’s annual GDP.
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