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Thread: How The Olympic games are helping chinese economy...
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[quote=APAULT,315474]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.[/quote]
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