The Economic Impact Of The Beijing Olympics Will Exceed US $70 Billion.

Hongkong Wen Wei Po reported from Beijing on the 28 day that the Beijing Olympic Games can bring to China how much "economic cake"?

According to the budget of the mainland's economic experts, the total revenue of Beijing Olympic Games is about $2 billion, including business promotion, sponsorship activities, advertising, Olympic marketing, venue construction, tickets and broadcasting rights.

If tourism, commerce, real estate, construction, pportation, sports, science and technology information, telecommunications and other industries benefit from the Olympics, the overall economic impact of Beijing Olympic Games will reach US $71 billion 706 million over the past eight years from 2003 to 2010.

The TV broadcast fee paid is 830 million dollars, followed by a large income, which is the business revenue obtained by the Beijing Olympic Organizing Committee's market development. The initial budget is 400 million dollars, but according to the high enthusiasm of the current enterprise participation, the profit is far beyond the expectation; the third entries are from the International Olympic Committee development market income allocated to the Beijing Olympic Organizing Committee, which reaches 334 million dollars; besides, the Olympic gate tickets and souvenirs will also make a profit for China, including the estimated revenue of the ticket revenue is about 140 million dollars, while the franchise budget revenue is about 70 million US dollars. Finally, with the Chinese government's financial subsidies, the proceeds from post match materials, donations from individuals and groups, etc., the revenue of Beijing Olympic Committee is more than 2 billion dollars, and there is no problem. Reported that, for the specific revenue of the Beijing Olympic Games, Chen Jian, executive chairman of the Beijing Olympic Economic Research Association, has calculated an account: first, the biggest one is International Olympic Committee.

In addition to these direct benefits, there are still many extension industries benefiting from the Olympic Games in recent years.

Lin Xianpeng, Vice Minister of Information Research Department of the State Sports General Administration Information Center, estimated by professional means that from 2003 to 2010, the overall economic impact of Beijing Olympic Games will reach US $71 billion 706 million, of which the direct and indirect effects are 41 billion 932 million US dollars and 29 billion 774 million US dollars respectively.

Data show that between 2004 and 2008, the Olympic factors contributed to Beijing's GDP growth of 105 billion 500 million yuan.

The Beijing Municipal Bureau of statistics report showed that the average annual growth rate of GDP in Beijing was 11.8%, from 2005 to 2008, the largest growth rate last year, reaching 1.14%, compared with 0.85% this year.