Olympics economy

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Beijing Claims Profit On Olympic Hosting

From AP: Beijing Olympic organizers say they made a profit out of hosting last year's Summer Games. According to figures released Friday by the government audit bureau, $2.8 billion was spent on organizing and staging the Games,...

Western Olympic Ads Cheerlead for China

From New York Times: It is becoming increasingly clear which nation global corporations will be rooting for at this summer’s Olympics: China. Or at least that’s what it looks like from advertisements here. McDonald’s is running...

China auditors to probe 2008 Olympics preparations – Reuters

From Reuters.co.uk: China’s state auditors will extend their search for government corruption next year to the 2008 Beijing Olympics, Xinhua news agency said, probing the massive construction schemes being readied for the event. The audit could shine unprecedented light on the Beijing Olympic organising committee which is overseeing the massive project of preparing the Chinese […]

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