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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Schwarzenegger says California to bid for Expo 2020 AFP - Sunday, September 12 Send IM Story Print Schwarzenegger says California to bid for Expo 2020 SHANGHAI (AFP) - – California governor Arnold Schwarzenegger said during a visit Sunday to the Shanghai Expo that his state would bid to host the 2020 World Expo in the technology hub of Silicon Valley. "As the hub of innovation, Silicon Valley is the most natural place to hold the Expo, which will promote the international exchange of ideas, create jobs and increase revenues in our state," Schwarzenegger said. Schwarzenegger, who is on a six-day trade mission to Asia that also will take him to Japan and South Korea, made the announcement in a press conference at the USA pavilion at the Shanghai World Expo. "Shanghai demonstrated that when you host the World Expo, the world comes to you and I want the world to come to California," he said. A formal hosting application will be submitted next year, with a decision expected in 2012. Silicon Valley, along the southern rim of San Francisco Bay, is the heart of California's technology industry. The area is home to world-leading computer and Internet companies like Apple, Google and Yahoo. The Hollywood star and bodybuilder is travelling with nearly 100 leaders from sectors including technology, tourism and entertainment. The governor, whose state has been hit hard by the global recession, had vowed before the trip that he would act as a "salesman-in-chief" for California in a bid to better tap growing Asian markets like China. Saying he was "very impressed" by Shanghai's high-speed rail system, he said he hoped Chinese firms would bid for high-speed rail construction in his state. The Shanghai World Expo, which opened May 1 and closes at the end of October, has been a showcase of world culture and technology and the latest example of China's growing clout, after the 2008 Beijing Olympics. The three Asian countries on Scharzenegger's itinerary are key trade partners of his state. In 2009, California exported 120 billion dollars' worth of goods to over 220 foreign markets, including 27 billion dollars to China, Japan and South Korea. Schwarzenegger is due to step down as governor in November after seven years in office. Recommend Send IM Story Print Related Articles US-BUSINESS Summary Reuters - 50 minutes ago China investors ponder bid for UK's Pru: report Reuters - 50 minutes ago Top regulators agree new Basel III package: source Reuters - 55 minutes ago UBS, Credit Suisse may need more capital: report Reuters - 1 hour 1 minute ago China investors ponder bid for UK's Pru -paper Reuters - 1 hour 6 minutes ago News Search Top Stories Iran to release US detainee on $500,000 bail French 'New Wave' film director Claude Chabrol dies Turks vote in divisive referendum Barclays chief hits back at 'casino banker' critics Doomsday warnings of US apocalypse gain ground More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Ceremonies in NY, Washington mark 9/11 anniversary US pastor puts Koran-burning on hold Doomsday warnings of US apocalypse gain ground Barclays chief hits back at 'casino banker' critics Barca humbled by Hercules, Mourinho gets first win More Most Viewed » Climate: New study slashes estimate of icecap loss Earth's upper atmosphere shrinking, scientists say Tiger's ex breaks her silence on sex scandal US pastor puts Koran-burning on hold Japanese rider Tomizawa dies in San Marino Moto2 GP More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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