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One of the main effects of the 2008 Beijing Olympics was the economic impact on the city--it experienced an economic growth of 0.8% every year. In addition to this economic advantage, the Olympics provided a unique opportunity for the city to improve its “cultural industry” in the globalizing world. Beijing has a famous artistic area called Dashanzi 798, visited by hundreds of thousands every day. During the artistic festival there were three hundred thousand visitors. Beijing City Council has a long-term plan to develop Dashanzi 798 to a global arts-cultural area as China moves from a heavy industries economy to a “services” economy. Since 2000, 70% of China's economy has become a “services” economy. Just as Paris and New York are “services” metropoles, so Beijing will be the new artistic and cultural global city.