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How much impact will the Beijing Olympics have on China's GDP?

Holding the 2008 Olympic Games in Beijing is both an opportunity and a challenge. If it can be successfully held, it will bring unlimited business opportunities to the development of China's financial industry. According to estimates by authoritative sources, in the next few years, the state will invest 180 billion yuan in urban infrastructure construction in Beijing, focusing on the construction of 142 projects. Among them, 90 billion yuan will be used to build subways, light rails, highways, and airports; 45 billion yuan will be used for environmental governance; 30 billion yuan will be used for information construction related to e-commerce, information-based communities, and distance education; and the remaining 15 billion yuan will be used for Used for the construction and renovation of water, electricity, steam, heat and other living facilities. In addition, the construction of 29 large-scale Olympic facilities will be used to promote the improvement of Beijing's urban appearance and residents' living conditions. These funds need to be invested through financial service institutions. If calculated according to a self-owned capital ratio of 30, to complete these infrastructure investment projects, financial institutions’ fixed asset loans will need to increase by 126 billion yuan. The prospects for these projects are promising, with an average annual It can increase fixed asset investment by about 18 billion yuan. The annual investment growth will greatly promote the development of China's financial industry and shorten the capital flow cycle of the financial market. According to calculations by the National Bureau of Statistics, from 2002 to 2008, the country's GDP will increase by an additional 0.3-0.4 percentage points each year due to the Olympic Games. The Beijing Municipal Bureau of Statistics estimates that hosting the Olympics will boost Beijing's annual economic growth by 2.5 percentage points, of which investment and consumption will boost .1.5 and 1 percentage points respectively. Loans will increase by 23 billion yuan each year. In this way, financial service institutions or, to put it further, China's financial industry has a strong demand for increased credit. That is to say, the business of the financial services industry will increase rapidly, which will not only give Beijing, the venue of the Olympic Games, It will bring huge benefits and help increase employment in Beijing and even China as a whole, thereby promoting rapid and steady growth of the Chinese economy. Judging from the US$3.29 billion in benefits the 1984 Los Angeles Olympics brought to California, the benefits brought to China by the 2008 Beijing Olympics should be no less than the benefits California had at that time.