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Scot Lehigh

Caught under a mountain of Olympic debt

The national stadium and other venues were expensive projects and cannot easily be converted to other uses. The national stadium and other venues were expensive projects and cannot easily be converted to other uses. (Nelson Ching/Bloomberg News)
By Victor Matheson
August 22, 2008

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FOR THE past two weeks, the world's attention has been focused on China, and the country has used the Olympic Games as an opportunity to announce its arrival as a major political and economic power. At a cost of $40 billion, however, the Beijing Olympics represent the most expensive coming-out party in history, and the question remains whether China will ... (Full article: 697 words)

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