As it becomes "a famous convention and exhibition city with international influence", Chengdu is consolidating its reputation by hosting the ongoing 12th World Chinese Entrepreneurs Convention, said local officials.

City planners have set a target of holding more than 500 high-level events annually by 2015 and create more than 10 world-class expo brands.

Revenue from the city's convention and exhibition industry is expected to reach 10 billion yuan ($1.6 billion) by 2015 and generate indirect income of 80 billion yuan.