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The Beijing Olympics will show to be a great worth: Beijing Olympics made $145 million US, from Insidethegames.com, (from the Archives)


Initially revealed June 19, 2009
Revealed at Contained in the Video games, June 19, 2009: https://www.insidethegames.biz/articles/6805/larry-eder-the-beijing-olympics-will-prove-to-be-good-value
Republished April 1, 2022


The Beijing Olympics have been one among my favorites! In my first go to to China, I skilled some superb tradition, superb meals, superb athletics and one other view into this planet. That is from our archives. I hope you take pleasure in it!

In an article revealed right now on www.insidethegames.com, the seminal webblog for staying abreast of the Olympic motion, it was reported, that an inside audit carried out by the State Council, which is China’s cupboard that the Olympics made a modest revenue of $145 million/88 million British sterling (1.16 billion yuan) off an expenditure of 19.3 billion yuan /1.7 million British sterling/$2.8093 billion and earnings of $20.5 billion yuan ( 1.8 million British sterling/$2.975 billion).

It could appear that, from the audit that the Beijing Olympics have been a fairly modest endeavor, in comparison with all Olympics since 1984. Nothing may very well be farther from the reality. The purpose of the Beijing Olympics, as seen by BOCOG and the Chinese language authorities, was to solid the most effective gentle on China globally, give the Chinese language inhabitants stars to be pleased with, and no constructive drug checks by Chinese language athletes. Very like the Nice Wall, the Beijing Olympics have been to not solely hold the unhealthy guys out, however to maintain the great guys, and the Chinese language in and enthralled with the spectacular performances. That’s the reason the lip synching episode within the Opening ceremony was not understood in Chinese language language newspapers-why?-because the Video games have been an enormous leisure alternative in addition to a homage to the Chinese language nation.

The general reasoning for this audit was to point out that the Beijing Olympics, opposite to the media experiences, was not essentially the most expansive Olympics in historical past. Media experiences had instructed infrastructure expenditures of $40 billion US. As a part of the Audit, the BOCOG admits to about three billion US in infrastructure prices, noting that native monies have been used for infrastructure.

The place is the reality? In all probability, someplace in between….

Olympic flame, August 2008, Beijing, China, photograph by Larry Eder

Anybody who spent any time in Beijing and environs would be aware the modernization, the fixed constructing, particularly exterior of the Olympic space. Accommodations, trendy buying facilities may all be seen, in plain website, as one walked round Beijing. Airline crews who had flown to China, particularly Beijing, for the previous twenty-five years, informed me that all the previous, enjoyable locations have been being razed for brand new buildings.

I stayed about an hour from the Olympic stadium, and on my day by day walks within the neighborhoods ( I used to be by no means stopped), I discovered new buying facilities on high of previous, very European and chic outlets, in addition to the very native and time worn.

Western media tended to disregard peculiarly Chinese language tradition or eccentricities. Don’t for a second take into account that I’m attempting to be an apologist for BOCOG nor the Chinese language authorities. The management of town lied with the Chinese language authorities as did the management of the Video games. Statesmanship is one factor, politics is one factor, accepting {that a} totalitarian authorities strikes at a snail like tempo is a reality. However that the BOCOG didn’t see the worth in pressuring an allowance of free,peaceable demonstrations, when 70 plus requests have been filed with the native authorities and none have been authorized, is simply unacceptable.

The Beijing Video games opened China and its individuals to the world, little question about it. The modest bills famous and modest revenue famous exhibits to a very long time observer of China one thing fairly completely different. The Chinese language will truly use the newly acquired infrastructure, and newly constructed stadiums and residences.

That $40 billion was added to infrastructure, from fantastic highways, to residences and plazas, was not seen, by many Chinese language as having something to do with the Beijing Olympics. It was a part of making China look fantastic and affluent to the eyes of the remainder of the world. Like People, Brits, Germans, French and different nationalities, the Chinese language, whether or not they help the Beijing authorities or not, are a proud individuals and love their nation.

The 2008 Olympics gave the world a fairly good glimpse of China. Like previous Olympics, will probably be fascinating to observe the adjustments within the nation. My perception is that, it doesn’t matter what the Beijing authorities does, change will come to this nation a lot quicker than anybody imagined, or that the federal government desired.

Full story courtesy of http://www.insidethegames.com

Beijing Olympics made billion yuan revenue

June 19 – Final yr’s Beijing Olympic Video games made revenue of multiple billion yuan (£88.8 million), China’s state auditor introduced right now.

The Beijing Olympic Organizing Committee (BOCOG) had reported earnings of 20.5 billion yuan (£1.8 billion) and expenditure of 19.3 billion yuan (£1.7 billion)by March 15, leaving a provisional surplus of 1.16 billion yuan (£103 million), the Nationwide Audit Workplace stated.

The audit, which lined the interval from September 2008 to March of this yr, “didn’t uncover any giant losses, wasteful spending or unlawful points,” the Common Audit Workplace stated in its report.

However the whole invoice for venue building was anticipated to be 19.5 billion yuan (£1.7 billion), with many of the funds coming from native Authorities funding, it stated.

That determine was not included within the particulars launched right now.

The venues included 36 stadiums used within the Video games, and 66 coaching amenities, it stated.

An audit official stated: “The Beijing Video games was not the costliest Video games ever.

“Based mostly on fastened alternate charges, the scope of expenditure of the Beijing Video games was lower than the earlier Video games.

“Similtaneously far as we’re conscious, the following Olympic Video games finances might be greater than the Beijing finances.”

As much as 40 per cent of the Video games working income was offered by the Worldwide Olympic Committee (IOC), the audit confirmed, whereas different earnings got here from native sponsorship, lodging, ticketing and different income streams.

The working revenue could be divided between the IOC, the China Olympic Committee and the Beijing Video games organising committee, it stated.

In the meantime, the Beijing Paralympic Video games broke even with prices totalling 863 million yuan (£76.8 million), it stated.

The audit was commissioned by the State Council, China’s cupboard, primarily based on its pre-Video games pledge to carry an “sincere and frugal Olympics.”

Because the finish of the Video games, almost 4 million vacationers have visited the enduring Chook’s Nest Nationwide Stadium, the image of the Beijing Olympics, bringing in as much as 210 million yuan (£18.7 million) in income, the report stated.

To study extra in regards to the Olympic motion, take a look at http://www.insidethegames.com

To study extra about our sport, we encourage our readers to go to the
following locations:

http://www.iaaf.org to study our international sport.

http://www.usatf.org to study in regards to the sport within the U.S.

http://www.runningnetwork.com to discover a native working neighborhood, working retailer, working occasion, or to get entangled within the grass roots tradition of our sport.

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