Tuesday, August 26, 2008

How Much Did China Spend On The Olympics?

The commonly used figure is RMB300 billion. Of this, USD100 million was spent on the opening and closing ceremonies alone.

All this is at the "China Price". That is, a dollar in China goes a lot further than a dollar in the US or the UK. I don't think we will ever get to see another Olympics like this as no other government will be willing to spend so much on the Games.

India is the only other country with a large population and low cost. And the infra structure will certainly need to be upgraded. However, with a democratically elected government it is unlikely to be able to devote so much of the national resources to putting on the Games.

No comments: