International cultural events and relaxed visa rules are giving Shanghai’s economy an additional impetus after the financial and commercial hub of mainland China reported buoyant growth in its major hi-tech industries.
The China Shanghai International Arts Festival (CSIAF), featuring 1,400 shows from operas and symphonies to ballets and musicals, generated consumption worth 4.4 billion yuan (US$620 million), up 10.2 per cent on year, according to the organisers.
The month-long festival ended on...
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