What is the impact of 2008 China's olympic on its own economic - Essay Example

The shanghai exchange almost tripled in value. And so there’s been a sense that everything could be managed in a positive way. The 2008 Olympic officially known as the games of the XXXIX Olympiad, will be celebrated form August 8, 2008 to August 24, 2008, with the opening ceremony commencing at the Beijing National Stadium in Beijing, people’s Republic of China. Some events will be held outside Beijing, namely football soccer in Qinhuangdao, shanghai, Shenyang and Tianjin, equestrian in Hong Kong and sailing in Qingdao.

This will be the third time the Olympics are held under the Jurisdiction of 2 different NOCs (Hong Kong and Mainland China complete separately). The Olympic Games were awarded to Beijing, People’s Republic of China after an exhaustive ballot of the international Olympic committee (10c) on July 13, 2001. The official logo of the games titled Dancing Beijing features a stylized a stylized calligraphic character referencing the host city. The Olympic slogan, one world, one dream, calls upon the world to unite in the Olympic spirit.

The Chinese government has promoted the games to highlight china’s emergence on the world stage, amidst concerns about environmental issues and the human rights violations especially in Tibet. The impact of 2008 Olympic in china is unquantifiable because it caught across many things like environmental and health issues, Tourism, Transportation and has a lot of economic boom in china economy. Though there has been sabotage plot and protest about hosting Olympic in china. In April 10th, 2008, china announced that they had foiled a salotage plot against the games.

According to the Chinese security ministry, Uyghur separatists in the North –western province of Xingjian planned to conduct suicide bomb attacks on Chinese cities and conduct Kidnappings in Beijing in order to disrupt the Olympic Games. China winning bid to host 2008 summer Olympics will bring