The economic impact can be detailed in two major forms. One is the capital extravaganza that is also called as the expenses to host such a great event. The other form is the impact or returns that the city has gained through this event. No city has spent so much to organize an expo. This event has stood as its memorable invention. With a whopping 159 billion USD spent to host this expo, Shanghai has proved out to be expensive and attractive to the global visitors. As a result, it remained in the financial limelight and also attained the grandeur that Beijing Olympics secured years back (Waldmeir, 2010). The high caliber expo organized by Expo 2010 Shanghai China has paved its entry to the competitive world and showed the prospects to the world. The major sectors that benefited include tourism, hospitality and construction.The benefits are enormous. The capitalist extravagance has already created sufficient degree of social tension.
However, the benefits have greatly compromised the people around. Shanghai received an expanded subway system followed by new railway stations and airport terminals. These improved the quality of life and transportation field of China. Subsequently, the tourism industry experienced the utmost benefit from this event as the sector has received huge responses and queuing of the outsiders who got attracted to Chinese culture. The next impact was the establishment of relationships with the developed countries. The travel and tourism sector opened upon several thousands of job vacancies reducing the unemployment rate of China (Sophia, 2013). Additionally, Shanghai also received better scope for complete urbanization which would transform the land ideal for economic benefits and business opportunities. With the enhanced infrastructure, Shanghai has also received the chance to grow economically. The healthcare sector and technology sector multiplied in terms of prosperities and opportunities.