| How The Olympic games are helping chinese economy... | |
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| Aug 15, 2008 14:16 |   |
 | Does anyone have thought about the importance of the Olympic games in China, these fact will increase Chinese economy starting new business thanks to the connections this will provide, let me know what you think. Is important to talk about economy. |
| Aug 16, 2008 16:27 | #1 |
| I have no objections on the comments on opening ceremony (i just watched a little piece of it on news) from my asian collegue who said that Chinese is good at SHOWCASE. Virtually real game does not count on SHOWCASE. |
| Aug 24, 2008 04:53 | #2 |
| Sure it can help the economy, but as the economy was until recently described as overheated and the government was trying to slow it, there would seem little advantage in having the OG stimulate the economy. To me the government's goal billionb was much more political. It wanted to show that China is modern (well Beijing at least), that it has the cappability to run such an event, and that China has arrived on the world stage politically. The costs of the games, $42 billion (Australian, a little less in US toy money). This will not be recovered economically for a long time. My guess is the OG cost China more than that. I know that Sydney said it spent $7 billion (so cheap compared with Beijing) but it was really more. One government utility I was working for supplied free staff beyond the amount agreed and budgetted. No doubt other government enterprises did the same. The taxpayer picked this up through higher prices. |
| Aug 24, 2008 22:13 | #3 |
| The feature of sheer size of economic capcity and diversity of economy is outstanding and has been proved to resist shock and withstand crisis. Tremendous development potential is being overshadowed by over-heated atmosphere, what else needs to be advertized? I am wondering if 46 billion be expensed or capitalized. |
| Aug 25, 2008 01:26 | #4 |
| I would make a guess that because of the shear size and complexity of the opening ceremony and the length of time it would have taken to remember and rehearse the drills that the army was used. I doubt that this cost was included in the final figure. The use of the US$ is also deceptive in looking at the overall cost as the RMB’s spending power is quite different. But a great opening ceremony. Let’s hope that the facilities can be used now by more than just the elite. Dodger. |
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