The Olympic Games will generate enormous business opportunities and facilitate a major face-lift for China. However, some countries have experienced an economic recession after hosting the world's largest sports e...The Olympic Games will generate enormous business opportunities and facilitate a major face-lift for China. However, some countries have experienced an economic recession after hosting the world's largest sports event. This phenomenon has been termed the "post-Olympics bubble." Where will China go after the Olympics? Professor Li Yining at Peking University speaks to People's Daily on this question and other related issues. Excerpts follow:展开更多
For Olympic host cities, it is always a big challenge to ensure the venues will be used after the Games. The government of Athens is still paying the maintenance bills for some Olympic venues five years after the 2004...For Olympic host cities, it is always a big challenge to ensure the venues will be used after the Games. The government of Athens is still paying the maintenance bills for some Olympic venues five years after the 2004 Olympiad.展开更多
The seven-year run-up to the Olympics has seen China’s white-hot economy chug along with an annual growth rate of more than 10 percent. But the global economic race is more of a marathon than a sprint. Several former...The seven-year run-up to the Olympics has seen China’s white-hot economy chug along with an annual growth rate of more than 10 percent. But the global economic race is more of a marathon than a sprint. Several former Olympic host countries, including Japan and Australia, suffered economic slumps to varying degrees after the euphoria. Now eyes are turning to China to see if the Games will have a similar impact after they end. Will a post-Olympic slowdown play out here, or could it even prompt another economic take-off in the country? China Development Observation, a business monthly, interviewed Chen Jian, Executive Director of the Beijing Olympic Economy Research Association; Li Yining, a renowned economist; and Zhuang Jian, a senior economist at the Asian Development Bank China Resident Mission, for some answers.展开更多
文摘The Olympic Games will generate enormous business opportunities and facilitate a major face-lift for China. However, some countries have experienced an economic recession after hosting the world's largest sports event. This phenomenon has been termed the "post-Olympics bubble." Where will China go after the Olympics? Professor Li Yining at Peking University speaks to People's Daily on this question and other related issues. Excerpts follow:
文摘For Olympic host cities, it is always a big challenge to ensure the venues will be used after the Games. The government of Athens is still paying the maintenance bills for some Olympic venues five years after the 2004 Olympiad.
文摘The seven-year run-up to the Olympics has seen China’s white-hot economy chug along with an annual growth rate of more than 10 percent. But the global economic race is more of a marathon than a sprint. Several former Olympic host countries, including Japan and Australia, suffered economic slumps to varying degrees after the euphoria. Now eyes are turning to China to see if the Games will have a similar impact after they end. Will a post-Olympic slowdown play out here, or could it even prompt another economic take-off in the country? China Development Observation, a business monthly, interviewed Chen Jian, Executive Director of the Beijing Olympic Economy Research Association; Li Yining, a renowned economist; and Zhuang Jian, a senior economist at the Asian Development Bank China Resident Mission, for some answers.
