Hosting the Olympics is costly, but for China, it's worth every billion

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With the 2022 Games, it also hopes to nurture an interest in skiing, curling, ice hockey and other winter sports that could increase consumer spending, particularly in the country's chilly and economically struggling north-east.

Olympics are a chance to demonstrate to the world his country's unity and confidence under his leadership.

When Beijing hosted the Summer Olympics in 2008, it said it had spent US$6.8 billion, but that did not include the tens of billions more it used to build roads, stadiums, subway lines and an airport terminal. This time, China has set a budget of about US$3 billion, a figure that includes the building of competition venues, but not projects like a US$1 billion high-speed rail line and a US$5 billion expressway.

Qn: ‘Staging major sporting events brings nothing but benefits to the host country.’ Discuss. (Cam. 2021)