ruth wedgwood, anthony d'amato. we thank you both. >> ifill: now the third of our reports from china. ray suarez visits the 2010 shanghai world expo. >> reporter: it's china's latest big thing. like the olympics, only twice as expensive. 150 nations, 70 million fair-goers, held in the biggest city in the world . it's the expo in shanghai, the latest world's fair. mingzheng shi is the director of new york university in shanghai. >> china wants to show off, show off to the world that china is now in the league of the family of nations because in the past, expo was only held in developed countries. this is the first time that a developing country is doing it. so for the great mission of getting china up there in the world of families, is a big, big deal for china. >> reporter: $4 billion spent directly on the fair. more than $50 billion spent to improve the city's infrastructure. shanghai has bet big on the fair but it's not alone. china's trading partners have built elaborate pavilions, going to great lengths to boost