China spends $42 million as Olympic host
Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/china-spends-42-million-as-olympic-hostPosted on Wednesday, July 16th, 2008 | In Asia, China, Current Market News
Contributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -
It is estimated that China will spend $42 billion to host the Olympics. To put that into perspective, that is almost three times what Greece spent on the Athens Olympics and roughly the cost of Hurricane Katrina reconstruction.
That infrastructure build out has certainly been a major boost to the Chinese economy, but China plans on spending even more on the 2010 World Expo in Shanghai and the Sichuan earthquake reconstruction is expect to cost $140 billion.
The Chinese building boom is going to last for a lot longer.
Last 5 posts by Tony Sagami
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Asia, Athens Olympics, Boom, China, China Plans, Chinese Building, Chinese China, chinese economy, Current Market News, Earthquake, Economy China, Greece, hurricane katrina, infrastructure, Olympic Host, olympics, perspective, Reconstruction, shanghai, Sichuan, Three Times, World Expo
Asia, Athens Olympics, Boom, China, China Plans, Chinese Building, Chinese China, chinese economy, Current Market News, Earthquake, Economy China, Greece, hurricane katrina, infrastructure, Olympic Host, olympics, perspective, Reconstruction, shanghai, Sichuan, Three Times, World Expo
 About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |
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