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. (Nelson Ching/Bloomberg News)

By Victor Matheson

August 22, 2008

E-mail|
Reprints|

Text size – +

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)