According to a Business Insiders’ report published on January 30th, China’s regime has officially claimed to spend only 3.9 billion USD on the Beijing Winter Olympics to achieve the so-called “green, safe, and simple” goal. However, investigations by foreign media have revealed that the Winter Olympics cost at least 38.5 billion USD, ten times more than Beijing’s official figure.
Beijing’s 2008 Summer Olympics cost 42 billion USD, while the official quote of 3.9 billion USD appears to be the lowest cost Olympics in 20 years.
The Chinese regime’s official media boasts of its “strength” in running a mega-sporting competition within a modest budget, just a fraction of the cost compared to the Tokyo Summer Olympics and the Sochi Olympics.
According to Business Insider, Beijing’s official statement is highly inaccurate about the Olympics Game’s hosting cost.
Sports economist Andrew Zimbalist told Business Insider, “Coming out of China, it’s all the more difficult to get any detailed or accurate information. I don’t need to tell you that things are heavily centralized and controlled there. And so I have not, to this date, I haven’t seen any estimates.”
He further explained that the Beijing regime isn’t “talking about the transportation infrastructure,” “the sporting infrastructure,” and “the cost of building the Olympic village” as well.
He added that “any so-called official numbers or budgetary figures that come out of any of these games is highly suspect.”
Insider has detected that dozens of items were “omitted” from Beijing’s official cost statistics. Even the costs of some major projects were not “billed.”
The National Speed Skating Stadium, known as the “Ice Ribbon,” comes as a remarkable example. But, unfortunately, it’s absent from Beijing’s current cost list, even though it’s estimated to cost about 186.6 million USD, according to Chinese state media.
Beijing has reused several venues from the 2008 Summer Olympics for the Winter Games, including the Beijing National Bird’s Nest Stadium and several venues converted from existing facilities. However, how much Beijing has spent renovating these venues remains unknown.
The Chinese authorities have labeled many significant projects as “capital improvements,” which the International Olympics Committee (IOC) does not count as “Olympic Games costs.”
Many Games’ capital-improvement projects are concentrated in Yanqing and Zhangjiakou, the two “satellite sites” for the Games.
Business Insider analyzes that Beijing spent roughly 442.9 million USD on building the bobsled and alpine ski centers in Yanqing.
China’s official mouthpiece, Xinhua, said two anonymous companies sponsored 514.1 million USD for Yanqing. However, the amount was recorded as a cash investment to develop the area.
Beijing has invested 5.18 billion USD in 50 Olympic-related projects in Zhangjiakou, including a third Olympic Village with a capacity of 2,640 people.
Besides that, there are four competition venues here, namely the “National Biathlon Center; National Ski Jumping Center; National Cross Country Ski Center,” and “Genting Ski Park.”
The construction of Olympic satellite venues such as Yanqing and Zhangjiakou requires a robust transportation infrastructure. Therefore, Beijing has spent 205.6 million USD to renovate Zhangjiakou’s Ningyuan Airport and 15.02 billion USD to build a new highway, ensuring its availability for the Games.
Moreover, the Chinese regime has spent an estimated 773.5 million USD on constructing the Beijing Winter Olympics subway line and 9.2 billion USD on driverless bullet trains.
Apart from these venues, many other uncovered costs are not included in the Beijing Winter Games, including a “manipulating-the-weather” fee.
Before the Winter Olympics, Beijing was full of haze.
At least 250 artillery shells were fired into the clouds near Zhangjiakou over the past three months, while 12 planes were on standby at airports for artificial rainfall.
In addition, the skiing events in Yanqing and Zhangjiakou rely almost entirely on artificial snowmaking.
Although the authorities have not disclosed the “Olympic Blue” cost or the damage caused by natural climate changes, Beijing’s mayor Wang Anshun has said that Beijing’s five-year “Clean Air Action Plan,” implemented in 2013, is an investment of 130 billion USD.
The Beijing Winter Olympics faced resistance from Western democracies this time. To not appear too isolated, the Chinese regime has attempted to invite foreign dignitaries by offering them bribes directly. The money spent on these invitations has been kept a secret.
To host the Olympics, Beijing took the epidemic as an excuse to block residential areas and conduct COVID tests for all the people at every turn.
In addition, China imposes strict guarding, forbidding leaving the local area, suspending work and business.
These moves result in a decline in corporate efficiency, workers’ unemployment and income reduction, maintenance costs increase, and more. But, unfortunately, none of these “costs” can be calculated.