China have spent $45 billion on the olympics how on earth will they be able to breakeven, what is the point?

Question

China have spent $45 billion on the olympics how on earth will they be able to breakeven, what is the point?

Answer 1

They don't have to break even. They have that much money to spend. What is the point? I don't know...  

Answer 2

I think they have it all worked out and are probably expecting to earn much more than they have invested in the preparations for the Olympics. I don't think they are stupid, nothing is done for sheer thrill and sports spirit nowadays.

Answer 3

people believe that this coming century is going to be the "china century".  Now you can't have a whole century for you without first showing your dominance in world sports.  They spent billions of dollars on their athletes too, and as we can see its paying off.  An they can break even.  they are getting richer and richer.  They believe its their coming out so they spent a lot of money.  Other countries spend quite a lot of money too on the Olympics.

Answer 4

They could feed the starving children in Africa or Tibet, instead of the stupid, pointless, polluting, money making, Olympics!

Answer 5

Its the same as asking why Nike or Adidas spend billions on advertising.  China will be the second richest country in the world by 2014.  Putting a spotlight on China is one of the steps.

Answer 6

they spent the $45 billion as long term investment for the country , for the people , not just for the 16 days olympics . the 3 new underground network lines will help reduced traffic conditions on the road , the new railway line between beijing and Tianjin will shorten the journey from one and half hour to just 45 minutes for the  10 millions tianjin residents to travel to work in beijing . Also , with 1.3 billion people in China , surely it is not difficult for China to fill up this 91000 seats stadium .mind you , the tinanmen square  has a capacity for 1 million people , what is the big deal for a 91000 stadium?

Answer 7

I'm sure the US congress will vote to give them some aid.

Answer 8

Have you noticed most of the venues (where taekwondo, table tennis were held) are merely new Universities or museums?

After the Olympics theyre probably going to reconvert those buildings in to shopping malls, hotels etc.

Answer 9

$45 billion aint what it used to be.

Answer 10

I know NBC paid them $47 billion to broadcast the games.  Include the other international stations, and it turns out to be a huge profit.

Answer 11

Propaganda

Answer 12

Massive injection of cash from tourism, the tv rights will still have to come in. The sponsorship deals with Nike, Adidas and Coke will contribute.

Answer 13

Wow.

Answer 14

Tourism. China's tourism has gone up 45% right now. September is the best month in China. It's cool and beautiful skies.

Answer 15

So China can open up more to the world.

Answer 16

They are probably taking a few pointers from Bush who spends some trillions in Iraq.

Answer 17

I think there are non-monetary benefits involved here; it's not just a matter of matching how much you spent.

national pride, propaganda, showing the world what they can do etc...

I don't think any country hosts the olympics to make a profit out of it like it's a pure business venture.

Answer 18

They don't really have to. China is a worldwide factory and they have tons of money.

Answer 19

we wont beable to, and we don't have to.

Answer 20

Is that about $45 per person?

What a pay back though, in terms of publicity!

Answer 21

No.

China knew they were going to make a loss. But China hasn't seen this as just an olympic games, China also wanted to wow the world, its own people and make a mark to show that it was the new superpower.

Because of this they had a 'blank cheque' policy where cost was no object, getting the 'wow' factor was the important thing.

In short the games are also intended to be a spectacle, a propaganda tool, and a landmark in China's modern history......Thats why money was no object.

For example the opening ceremony's budget was twice that of the average opening ceremony.....That's how much they pushed the boat out.

London won't be as extravagant, but that's because we just want a good games, we have no political agenda.And remember at least in this country we can protest if we think olympic spending is too much, the Chinese people can't.