US Paper Lauds Beijing Olympics as Triumph

LOS ANGELES — The Beijing Olympics “were a triumph of the will for a people and a government determined to show their skill and confidence,” the Los Angeles Times said on Sunday.

“They were a triumph of the will for a people and a government determined to show their skill and confidence, as both athletes and organizers, to a world that once treated China as a weak, servile nation,” the paper noted.

“China won the most gold medals, hardly a surprise when a country of 1.3 billion people decides such a goal is important and commits enormous resources to achieving it,” the paper said. ” China also built sports venues that combined gargantuan scale and striking architecture in a way no previous Olympic host could afford.

Doping never became the issue at the games, the paper said.

International Olympic Committee President Jacques Rogge had predicted from 30 to 40 positives, based on purely mathematical projections of past results and increased numbers of tests.

But as of Sunday, with analysis reports on the final five days’ samples yet to come, there had been just six positives out of 4, 600 tests during the Games, only two involving medalists, none of them gold medalists. There were 26 doping violations in 2004, including three gold medalists.

“It is more difficult to cheat,” Rogge was quoted as saying, noting that 39 other athletes were banned from competing in Beijing after being caught by pre-Olympic testing.

The sky fell into the  ”blue” category, according to the measurements of air pollution, the paper said.

Despite turning an eerie white and then a murky haze that hung over Beijing for a week, the sky actually went blue in the middle of the first week of competition and the sun came out most every other day, the paper said.

“The Beijing Olympics wound up looking as most expected,” the paper concluded.

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Domestic Cos Aspire to Gain From Beijing Olympic



As Beijing Olympic 2008 is approaching in August, not only the sports enthusiasts but also big and small enterprises of China are overjoyed.

Although the reasons vary, as public wants the country to win maximum gold medals, the businessmen are looking forward to attract foreign companies to get into new deals.

Domestic enterprises actively participated in Canton Fair, that took place from April 15 to 20, which is the largest import and export exhibition. Aokang Group, one of the biggest footwear manufacturers of China, had spent huge amount on the publicity during the expo, to become official supplier of leather shoes during the Olympic.

The domestic manufacturers do not want to miss even a single chance of luring the Olympic officials. As the enterprises want to associate their products with this grand event, scheduled from August 8.

Experts believe that, although many Chinese companies that are trying their luck to gain exports, they are not as big as the traditional associates like Volkswagen, Adidas .

According to the Beijing Olympic Committee, to become an official supplier, the companies will have to shell out approximately US $2.3 million.

The committee has divided sponsors in two categories, ‘Worldwide Olympic Partners’ and ‘Beijing 2008 Partners’.

As Beijing Olympic 2008 is approaching in August, not only the sports enthusiasts but also big and small enterprises of China are overjoyed.

Although the reasons vary, as public wants the country to win maximum gold medals, the businessmen are looking forward to attract foreign companies to get into new deals.

Domestic enterprises actively participated in Canton Fair, that took place from April 15 to 20, which is the largest import and export exhibition. Aokang Group, one of the biggest footwear manufacturers of China, had spent huge amount on the publicity during the expo, to become official supplier of leather shoes during the Olympic.

The domestic manufacturers do not want to miss even a single chance of luring the Olympic officials. As the enterprises want to associate their products with this grand event, scheduled from August 8.

Experts believe that, although many Chinese companies that are trying their luck to gain exports, they are not as big as the traditional associates like Volkswagen, Adidas .

According to the Beijing Olympic Committee, to become an official supplier, the companies will have to shell out approximately US $2.3 million.

The committee has divided sponsors in two categories, ‘Worldwide Olympic Partners’ and ‘Beijing 2008 Partners’.

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Women Banned From Wearing Mini-skirts at Beijing Olympics

Women have been BANNED from wearing mini-skirts at the Beijing Olympics.

Men also risk being thrown out of stadiums if they strip off their shirts under the strict dress code. And any fan daring to wave a large banner will get the same treatment.

The 40,000 Britons travelling to the Olympics starting in under two weeks’ time should also leave their radios at home as outdoor live music is banned.

Even eating outdoors in bars and restaurants near any Olympic venues is a big No, No.

The list of dos and don’ts is listed in a nine-page code of regulations called the House Spectator Rules drawn up by the Beijing Olympic Organising Committee.

It is threatening to turn the Olympics into the “Killjoy Games”.

Police have been given a bizarre fleet of two-wheeled Segways which travel at 12.5mph to enforce the code, And the roller cops have been told to keep their eyes peeled for women wearing skimpy clothes and men showing too much flesh, even though temperatures are expected to soar above 30C.

Any fans who have too much to drink and decide to sleep it off in a Beijing park can expect to wake up in a police cell.

Banners stretching over two metres long will also be confiscated. Even locals will be banned from wearing Go China T-shirts or waving banners reading I Love China in case they give the impression of a pro-China bias.

Huang Keying, of the Beijing Organising Committee, said: “We have specially trained staff who will communicate with spectators. But refusal to comply with these rules will be subject to punishments or criminal prosecution.”



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Beijing Olympics – 7 Things You Don’t Know About China

Soon the coverage of the Beijing Olympics will overwhelm the media. There will be never ending stories about China’s spectacular growth and forecasts of what that means in the future. But there is another story, a darker story. There are things about China that are not well known and every economic forecast at some point in time is wrong.

1. The Chinese stock market has lost over 50% in value in less than 8 months.

2. In Shenzhen, a city that borders Hong Kong, the average price of property dropped 30% this year in 3 months. Sales of apartments in Shanghai are off 50% this year. Housing prices are also vulnerable in Beijing, Shanghai, Hangzhou, Ningbo and Haikou on the coast, and Wuhan, Nanning, Xi’an, Lanzhou and Urumqi in the interior. Can you say subprime in Chinese?

3. The number of shoe factories in the province of Guangdong outside of Hong Kong, the so called work shop of the world, has dropped 40% since 2002. Over 10,000 factories have closed since the introduction of a new labor law at the beginning of the year.

4. Of the top 20 most polluted cities in the world, 16 are located in China.

5. According to the Chinese Ministry of Public Security there were over 74,000 protests in 2004 involving more than 3.7m people; up from 10,000 in 1994 and 58,000 in 2003. The number is increase geometrically. Although the protests in Tibet were widely covered, a violent protest in June brought 30,000 residents on to the streets of Wengan, in Guizhou province.

6. China is experiencing the worst power shortage in at least four years. The miss match between soaring coal prices and government-set electricity rates have resulted in the closure of over 58 power stations. Almost half of China’s provinces have started to ration electricity.

7. In 2006 a report by Earnst & Young estimated that the Chinese financial system had bad debts of close to a trillion dollars. No doubt the number is much higher as a result of the real estate and stock market crash.

I am William Gamble, JD, LLM, Ex MBA, KSC, a consultant specializing in emerging markets. I have been quoted or interviewed by ABC, CNN Asia, Bloomberg, Fox, CNBC, NPR and other television and radio stations around the world. I have published 24 letters in Financial Times and articles in Foreign Affairs, and Harvard International Review. I have been quoted USA TODAY, The Far Eastern Economic Review, The International Herald Tribune, The South China Morning Post, Sankei Shimbun. I have written two books Investing in China and Freedom: America’s Competitive Advantage in the Global Market. In the past year I have spoken to CFA societies in 10 countries and 9 US cities as well as other conferences all over the world.

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