Source Pravda.Ru

Shanghai World Expo will open on Friday

The Shanghai World Expo opening on Friday is the ruling Chinese Communist Party's latest extravagant use of money, underscoring the extent to which it seeks to brandish its power through flashy spectacle.

The government is spending billions of dollars on the Expo - local media estimate some $58 billion if infrastructure is included - transforming an area larger than Monaco into a giant exhibition site, Economic Times reports .

As this massive investment program comes to a head, city officials say that there are around 550,000 hotel beds in Shanghai, 155 of the establishments designated official Expo hotels to hold performers and official visitors.

The World Expo is likely to provide a significant boost to Chinese tourism, which has been growing rapidly for the past decade. In 2007 55 million people visited, making it the fourth most visited country in the world, and the UN World Tourism Organization predicts that it will become the most visited country by 2020, Independent informs.

Comments
The need for a Global Political Agenda 2018
Pentagon can not accept Russia's victory over terrorists in Syria
Pentagon can not accept Russia's victory over terrorists in Syria
Putin: Russia will continue spending enough on defence not to be killed
Italy: Free fall
Tel Aviv, Jerusalem, capitals and puppets
North Korea declares victory over USA
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Russia unveils the date for the launch of the superbridge to Crimea
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin: Russia will continue spending enough on defence not to be killed
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Turkish President Erdogan issues ultimatum to Washington and Brussels
New Syria to be born in Russia's Sochi
New Syria to be born in Russia's Sochi
Torturing Jerusalem with USA's help: No peace, but eternal war for Jews and Arabs
Putin: Russia will continue spending enough on defence not to be killed
Putin: Russia will continue spending enough on defence not to be killed
Putin: Russia will continue spending enough on defence not to be killed