China's spending for Olympics-is it an empty nest syndrome?

[deepakraam]

China is now experiencing post-olympic syndrome.Most of the things happened in China in the last one year had a one way or other olympics in it.With all those desires/blessings olympics turned into a grand success.China spent close to $44b into olympics.This is 3 times the amnt spent on last olympics at Athens.Will all these things waste of money.Even china built 2 world-class stadiums named Bird's nest and watercube for olympics.It spent close to $75m for constructing two stadiums.Rough estimates states that the receovery time would be close to 30 yrs.Has China overspent for Olympics? Moreover,China also averted the rain using chemicals fired during opening and closing ceremony.Is this required?Is it a empty-nest syndrome?


-Deepak.

 

[squareleg]

There must have been some thought procees behind it. Unless we know it what were there aspirations from the same, we cannot comment. Someone's Big aspirations have been there.

The figures presented wont let us know the whole thing. China being a communist state they must hav thought of the costs to be incurred and what they r going to gain from putting everything on the backstage. They may succeed or fail, its different.

But not everything is for ultimate recovery. They might hav thought to Show the World what China is all about besides Cheap Products. Its their coming to Prominence. Being reckoned a force.