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How Beijing Spent Billions More Than The Official Olympic Budget | True Cost
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- čas přidán 15. 08. 2024
- Beijing says the cost of hosting the 2022 Winter Games is among the cheapest ever at $3.9 billion. But the real cost might be more than $38.5 billion, 10 times the reported amount.
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Is Beijing Hiding The Olympic Price Tag? | True Cost
I see very little fact finding has gone into this video, so let me explain why the 3.9 billion official figure is not as ridiculous as everyone thinks.
I am a foreigner but I know the facts because my company is the main contractor of Zhangjiakou. The reason why so many of the infrastructure cost is not in the budget is because these are infrastructures built long before the Olympic. e.g. Genting Group started building the ski resort since 2007, many other real estates companies has also invested in these areas long before Winter Olympics was awarded in Kuala Lumpur Malaysia 2015. Then these companies merely increased their investment knowing the Olympics will be held at their sites. How did these private companies make money from a public event? Well, because they are located near to Beijing, they started building and selling holiday resorts and retirement homes to Beijing residence. Whatever the private companies lose in building ski infrastructure, they made back double in real estate. These real estates has all been snatched up long since at handsome profits on land that practically cost nothing. Its a way of saying: instead of paying for the land, I will pay for infrastructure. Government way of returning the favour is to build highways, highspeed trains and promoting the area with Winter Olympic in what was one of the poorest areas in China. Poverty in these areas is non existent now, due the the Winter Olympics and the original settlers were all given new houses.
As for public structures and trains budget, Beijing amortise the cost of these necessity facility over number of years. Why not built something you need today now instead of later has always been Xi infrastructure building policy.
There is always much more that meets the eye in China. To understand China policies, either for good or bad, you will need a lot more research and not see things through conventional tinted glasses.
A 1 minute read of your comment provides more information than this 8 minute video
@@TheMinimumPC me too
when the racists at Conde Nast wrote "Take the Bird’s Nest in Beijing from the 2008 Summer Games, for instance. When plans to turn the stadium into a shopping and entertainment complex after the Olympics fell through, the stadium remained largely empty, save for a smattering of tourists who pay to tour the behemoth structure and one-off special events. Beijing pays some $9 million(USD) each year to maintain the facility."
that "smattering of tourists" turned out to be closer to 25000-30000 daily at 50RMB per person. "In spite of the lack of significant events, the stadium appears to be quite profitable, drawing some 20,000 to 30,000 people a day at the price of a 50 yuan admission." at 20,000*50=1mil RMB daily. that's 365,000,000 Chinese Yuan equals 57,380,912.70 United States Dollar, not including events. and now it's being the only stadium to host opening and closing ceremony for both Summer and Winter Olympics. but "surely that's not eco-friendly, because they're China." -- racist journalist.
this shows just how (racially motivated) ignorant journalist can choose to be. whatever Rupert the Murlock says, must be the bible.
Best comment ever. I don't think the media don't have these information, they just ignored them and twisted them to make their narratives more believable.
Would love to hear you also explain just how China says they have had just over 103K Covid-19 cases in over 27 Months 'TOTAL', where as the USA has about 100K Covid-19 cases 'IN A SINGLE DAY' and a very few 500K and 1 Million days. China always seems to either greatly reduce the numbers or increase the numbers of a lot of stuff in which ever way makes China look the best. Oh, by the way, I calculated that China at the end of March 2020 had had at least 24,000 deaths and 2,400,000 Covid-19 cases, a far cry from their current just over 103K Covid-19 cases (which includes 22 additional months). Even the 'Rand Corporation' proved that China's numbers were a lie by at least 18 times.
Better than spending in 20 year war and get nothing like some country,
And Olympic doesn't have every day.
20 year of war in Afghanistan actually profitable for private military company
Do inform those 5 bozos that boycotted, especially Uncle Sam whom backtracked and sent 50 plus officials. lol. Yet spent billons on protracted wars and fictitous WMD.
@@fadli_1577 but at what price?
@@mykrt8541 pretty worth it
@@fadli_1577 and toyotas
I noted that Business Insider derided the Beijing folks for using artificial ski machines but does she know that in the US over 90% of our venues also use artificial snow machines?
yeah. i'm really surprised they keep talking about the snow machines. do they really don't know or they just play dumb?
It is actually important to use snowmaking machines,s especially in the early season. Both in China and US, I have seen much snowmaking, in the US, they have to make snow on some early season cold nights in order to let the wet natural snow stay on them instead of melting.
it is totally diffrent, american artificial snow machines is democratic and chinese artificial snow machines is authoritarian 😅
Well, at least they tried hard to find something that can be critized.
@@hbrhbr Jajajajaja.
I love how Bloomberg is so concerned about China overspending on infrastructure and green tech for the Olympics and then the media comes out with a piece that justifies why it needs to spend billions overbudget for the F35 program
Ahh yes, because military and this are comparable, I get it, you're defending China, but atleast go to a relevant topic.
@@lewis6321 ahh yes, the evils of infrastructure because what isn’t when it comes to China?
America is becoming more like Germany in the 1930s every day
@@youngz13o That's a really broad and massive stretch.
I get it, America big bad, but so our most superpowers, i'm happy to discuss America's wrongdoings if China's can be discussed aswell.
@@lewis6321 how can I discuss with you about Chinas wrong doing when you believe there is genocide happening there?
It’s like trying to talk to someone about WMDs before the invasion of Iraq and persuade them there were no WMDs. I don’t see how I can ever have a convo with you where we agree on anything.
I love how Americans actually believe that America cares more about Muslims inside China but no one said a word about it for 20 years while America invaded, occupied and bombed the Middle East (Muslim countries) its quite eye opening to everyone outside the western influence that US and it’s Anglo-Saxon friends how foolish this looks as it’s the same thing happening again
Don’t you find it ironic that not one Muslim country supports the Xinjiang genocide story?
Just food for thought
haha you said it
I pray that they actually use the villages after the games. There are so many Olympic villages that just sit and rot for no good reason.
I remember brazil built a stadium for a world cup games and its now rarely used.
It's not a problem for Beijing - the capital city is so short of accommodation for those moving in to pursue their dreams. The 2022 Winter Olympics Organising Committee has announced that the Beijing Winter Olympic Villages will be used as public rental housing for talents after the Games.
The popularity could be seen in the Beijing 2008 Olympic Village, which was developed as commercial housing before the Summer Olympics, and leased to the organising committee during the Games. Due to the historical significance, the location, the design and the comprehensive supporting facilities, 70% of all units were pre-sold to house buyers during the Games, and the rest was soon sold out afterwards, even if the asking price was almost doubled.
@@C3PO_
👍
In london 2012 they built affordable houses and they were sold as hot cakes.
mean while so many people are homeless. these countries prefer to let these building rot rather then letting them be use for people who needs them.
The fact they actually came through and built all of this infrastructure and villages in time boogles my mind.
China has got really good at mega projects. They can move a bridge in 2 days
@Chris what the world thinks of chinese people? yellow peril!? ha whiye pinkish boy
They’ve had years of planning and preparation.
@Chris What a narrow mind! They don't have to! The world was also watching Rio and Japan - did it make a difference in what they delivered?
very unprofessional report, i rarely see so called facts, numbers? names? address?
Whether they spent $4B or 40B, it's for good intentions. I'd rather my country spend $40B on sporting facilities and bullet trains then $100Bs+ wasted in Afghanistan.
China gives you bullet train, US gives you bullet rain!
More like spent $2 Trillion
$2T on Afghanistan. Could build US again.
@@route55qatar HAHAHAHAHAHA DANG
Wtf 2 trillions....
I want a refund.
🇺🇲✌
Public infrastructure isn’t supposed to generate profits.
Yup
It is. That’s how money is generated in order to maintain said infrastructure.
@@IpSyCo Maybe in your country, but not in others. Monetary "profit" isnt everything in China, there are social "profits" not accounted for.
@@yerri5567 Perhaps before subtracting the trillions in debt said projects generate.
@@IpSyCo The projects "debt" will generate the profits back in the projects life time. Not everything has to be "immediate"
only 38b? that is less than building one high speed railway in california
并且百分之六十是地产商投资的,政府只出了少量的钱
California HSR is under cost overruns100B USD and plagued from years of delay.
And u actually get a high speed rail at the end of it
I don't get what the big issue is (other than the human and environmental cost). If the government is footing the bill and willing to spend more money on infrastructure, why is this as a problem?
You literally just said the answer🙄
@@Reezy884 the human/environmental cost? That was a really small portion of the video lol
Ignoring the obvious answer, think about what other, better uses that money could’ve gone to. Maybe fixing some of those human rights violations 🙄
@@doublejynx Did you see US fixes any human rights violations?
@@doublejynx You mean people in Syria, Yemen, Iraq, Libya, Afghanistan? US is an angel for this word! Death angel! LOL.
so China spend 30 billion on the olympic, while US spend 5800 billion on losing in afghanistan....
the railway and highway shouldn't be considered as the Olympic budget since they are like other infrastructure projects that will facilitate people's travel.
If people ever travel there
@@TasX lol true no ones traveling to the land of Xi Jinpings genocides and slavery
On the other hand, some countries just can't build shit...but bomb others
@@axelfury3189 so america?
@@SC-bc2yh HAHAHA SO TRUE
Better than spending that money on wars. Anyone who agrees please hit like.
So agree..
Consider USA in 20year in Afghanistan, has nothing to show for it, apart from DEATHS and DESTRUCTION, collapsed of the whole of the country Economy....... its budget is a drop in the ocean or loose change in CHINA eyes..
not even close, that's not even 5% of afghanistan war cost, 30B isn't getting you anywhere pal
🇹🇼#1
@@ettcha Regarding ethnicly Chinese people, I GREATLY prefer Taiwanese folks every time! I have found Taiwanese people to be less deceitful, more sanitary (especially their restaurants and the fact they cover their sneezes and coughs and don't expel mucus on public streets) and generally more generous that commie Chinese.
I pray for Taiwan to be free of bullying from CCP! Chaing Kai-Chek (sp?) was a wise man to rescue himself and his people from the genocide of Great Leap Backward perpetuated by comrade Mao.
So Business Insider can't even verify their "investigation" claims and we are suppose to take their conclusion as a fact?
Well the title was suppose to draw people to come to conclusions (without even watching the full video) that the Chinese have lied about their budget and that they are liars and the budget is 40 billion.
isn't that the norm now? accuse China of building HSR... yet forgot that's why Vancouver's Skytrain came into existence in the first place, or many other intrastructure around the world due to large scale events like World Expos and Olympics, or the building of some new theme park that provide tens of thousands of jobs... but man, China... therefore every breathe they take is evil.
No one will ever know as China will never realise the true amoint
No way China spent 38billion, for 38 billion with Chinese labor rate and material cost, you can build an entire city plus another forbidden city.
I think the video is just highlighting the issue of transparency around the cost of the games. Considering other countries also made bids to host the winter Olympics at higher costs and China offering a very low cost it comments on the difficulty to prove legitimacy of their economic planning. The 'green' marketing spin is based on those low figures also. So if the spending was in reality much higher then the initial promise from Beijing would have no credibility and the offsets could assumably be much worse. It pulls into question the economic ethicality of the Olympics committee and puts pressure on future games to achieve the same success at competitive pricing (3b)
Yep, China did build one line for the vunue commute, but it is not a fresh investment from ground zero. They just added one branch line to the massive domestic 40,000 km high speed railway network.
auto train may seem fun and exciting to you. But to the Chinese, it could be just their daily subway line.
and don't forget the huge population . can't keep building roads n highways to move around on such big country
是的,作为中国人,我并不认为为了奥运修建一条高铁有多了不起,实际上有没有奥运都会修的,奥运只是让这一切实现的更快,标准更高而已。中国的这些建设是由政府投资的,政府投资并不像公司投资需要考虑短期收益,政府投资的目的是让它带动更多的经济,让这个地区的居民有更便利的条件。单就这条线路而言,十年内的营收是不足以回收成本的,但冬奥过后这个地区的旅游和滑雪收入将很快抹平成本。西方社会的确很难理解中国的做法,因为我们不是要靠修一条铁路靠售卖车票挣钱。
Indeed, I born in Huailai( county between Zhangjiakou and Beijing) and grown up in Beijing. That branch line just shorten my drive to hometown from 1h30min(~110km) to 26min. And only cost around $7.
Yes, my home town city has a 30min highspeed train to beijing, people take it like subway, as it's cheaper to leave outside beijing, in my city, and it's affordable, 100 miles for less than $10
这帮西方人不会懂得。只知道满口胡言。我们管好自己,天天向上
So... the host wants to organize a party, and it costs money. The host doesn't complain about the cost, yet the outsiders complain on behalf of the host?!? Also, it seems like "long-term plans" have never been considered as a thing in the US/ West. Be it the politicians or the press.
It has before. One example would be the 2008 London Olympics, most of the venues were expanded from their original size temporarily and the original venues are still in use pre covid
Yes its called the news.
The CCP glorify itself about the low-spending, so it is normal that the press is looking at the numbers.
There are multiple things china is doing which is damaging the local population/ economy. I recommend watching the channel "China Insights" which has been covering all the hidden costs that china made to make the olympics happen.
@@madhurdagar7101 you should watch South China Morning Post. The cost of Olympics is nothing compares to what they will gain in just 1 winter season.
You should include references to the numbers you cite, instead of just saying
They're Americans, they don't know how to do fact based journalism
Americans don't rely on facts, they just talk, lol
Well... The CCP can make their own facts/sources with the flick of a finger... Others can't
@@normalguy5906 holy shit the commie bots are growing
Although if he meant tv msm, then that would be different
Business Insider is like "can you believe it, these games aren't going to make a profit. I can't believe it"
when some one is doing things right and you don't like it, just say 'well, there is a better way to do this', some peaple will eventually buy it and that's where you get fight started.
Dwen Dwen sales will be greater than 5 billion.
not that but rather the magnitude of loss. Losing $1 is a loss, losing $10B is a loss. Don't try to hide the numbers.
China wasn't planning to make profits because of the pandemic. And the Western boycotting didn't help either, not allowing the big companies to make commercials on Beijing Winter Olympics as part of their boycotting.
No Olympics make enough money to justify the spend!!! That is why less and less countries want to host
This is interesting, now Business Insider please make a video on how America can raise its debt ceiling year after year when they are already 30 trillion dollars in debt and how they manage to print US dollar out of thin air by quantitative easing since they collapsed the global economy? give us the true cost too please, thanks.
While this may be true. It has nothing to do with the topic at hand. Interestingly, America is not the nation with the most per capita debt. It's about 30th on the list of nations. And we will never know what the national debt of China is, precisely because of the fact that the CCP lies and hides the real data.
Yes, they are going to research and do a video about the debt of a country and its whole history to make a perfect conclussion at the end. Do you know how a crazy amount of documents do you have to look to even know how the debt of a country was made in few years? I can see your point, but you cant compare the debt that a country got due to its history, with a debt that was assumed to prepare one great event. And im sure that the USA wont admit some of its spendings(of course, like most countries), but China is more hermetic, and you can see a portion of that in this video.
A little lesson for you, inflation is a thing and so is growth. The USA can keep raising the debt ceiling because the USA generates more money every year. You wouldn't ask why a person making 1 Million per year has more debt than someone making 50,000 per year. The US doesn't pay off its debt because it would rather pay the interest and use the money to facilitate economic growth instead. Citizens own the vast majority of the debt in the USA, which makes the debt look much bigger than it is, people take out long term bonds constantly and guess what happens when those people pass away? Uncle sam collects inheritance tax and makes a profit off of the bond.
As someone else pointed out too the US isn't even close to the most 'in debt' country, and despite the fear mongering about the debt ceiling nothing will ever happen from it especially if the pandemic couldn't even cause a problem. It is just another game of chicken for congress to play and pretend they'll cause a crisis if they don't get their way.
Though I am curious how you assume the USA collapsed the global economy.
@@Outwardpd you dont even know how the USA collapsed the global economy and end up here, today?? okay my Boi, go get a finance/economics degree, if that doesnt help, go get a master degree, (but not a MBA). Then try to get a front office job in the buyside/sellside (in a respected firm). If thats not enough go for a CFA/FRM. by that time you should know how the world works, if not then may god bless you.
@@timothy1949 I read through the comment and didn't see you justify the accusation even once. Meanwhile telling someone to get an economics degree when you don't even know how the US debt works lol.
For China, hosting the Olympics is like a car company racing cars - testing your latest technology and then applying it to other models
good one. This time is another experiment for economic development. Just a piece of cake that scare the American like little kid cry for a candy.
@@Theactualstoic all the clowns r really falling for ccp propaganda and censorship
@@Theactualstoic Endia as always. You previous comments sold you.
That's the most basic that a CCP/fifty cent would say.
@@lawrencepascasio2076 I think this is the most basic requirement of a government or political party, that is, to do what it says! If not, why do we support you for emotional pleasure
When the narrator said, "$38 billion RELATED to the Olympics" is so opaque and irresponsible... Cuz that includes two high-speed railways from Beijing to Zhangjiakou that cost $24 billion. Also $8 billion for multiple skiing resorts, hotels, and even the Winter Olympic Village (currently athletes dorms) as residential real estate, which they are gonna sell to the general public after the game ends. China is promoting snowsports to the Chinese public as part of their "5-year plan", they built those railways and skiing resorts mostly for the potential market. On average Chinese people are 5 times less likely to go skiing/ice skating than average Americans/Canadians. Snowsports and tourism is a huge market in the next 20 years for China, targetting Millenials and Gen-Z. They are trying to lift the North China economy, which is stagnant these years compared to Guangdong, Jiangsu, and Shanghai in South China.
Thanks for the info
They are unlikely to be able to sell these assets for profit, but Beijing is delusional.
From my personal experience, it’s difficult to comprehend that the cost of high-speed rail construction is included in the Winter Olympics. Two years ago, when this line was just opened for operation, I took the bullet train of this line once, and I didn't even know this high-speed rail line was related to the Winter Olympics at that time. I only think it's a small part of China's high-speed rail network construction plan.
If this can also be counted as the cost of the Winter Olympics, is the high-speed rail ticket I paid two years ago counted as Winter Olympics revenue?😂
@@flyinggeng The Olympic village in Beijing will not be sold, but will remain to be public real estate and will be allocated to high talents who come to Beijing to work.
@@Flanker-L 我在高铁的厕所里拉的屎也算隐藏成本了
Its Chinese money, they are spending. They are spending it on games not war like USA. So whats your problem??? Oil your own machine.
sure,I can understand that China spends billions of dollars to build warships to make the United States unhappy, but now that China uses this money to host the Olympic Games, why are Americans still unhappy?
@@longhaosong7504 As an American, I can tell you Americans are always unhappy. Far more people on antidepressants than any other countries. Three quarters of Americans think the country is heading to the wrong direction. That number has been very consistent last 10 years no matter which administration took the office.
@@texassecession6422 I heard that there are no government hospital in USA is it true??? Every thing is privatized.
@@mostafaanwar9544 There are State University hospitals run by the state governments and veterans affair hospitals.
@@texassecession6422 I am from Bangladesh, Third World country. Our government providing us government hospital for every one where ticket price starts from 10 cent and highest money on 500$- 800$ for open heart surgery.
Please release the original interview with the expert, it is obvious for the trainline part he was cut off. The trainline and train as he said was a part of local project that will be built with or without the game. Beijing is crowded enough and the city expansion to outer cities is ongoing.
I agree, the committee clearly said that infrastructures are not counted for a very good reason, and yet we have this video trying to make a big deal.
@謝劍龍 Brazil had the same story and it was clearly false lol
@@Nandinandito we know the 3 cities the train connects are real cities that were inhabited before the Olympics and will continue to be inhabited after the Olympics so to say the train is purely part of the spending for the Olympics is shortsighted or just straight up dishonest. If you look at the Olympic village it clear that's suitable for long term human inhabitants than what you would see from the typical Olympic village
If you look at the Olympic village it clear that's suitable for long term human inhabitants than what you would see from the typical Olympic village
@@Nandinandito Well, I can imagine the price of this village, to be honest. It will soon be sold out and I won't even have a chance to bid.
So you don't know the true cost, but you still manage to produce a video claiming "Beijing spends billions more"??? Epic journalism...
So short sighted! The infrastructure such as high speed rail , subway, ski resort are built to last, it’s not a one time wastes, given the high demand of winter sports venues, these facilities will be highly profitable.
Some r
~ Said everyone who has ever hosted an olympics.
@UNIA LTD many of the facilities r from Beijing 2008
it will be profitable IF they actually built it in ACTUAL snowy places and NOT on parched dry land requiring snowmachines churning snows every day throughout the years. TOTAL WASTE OF MONEY!
@@dzulkar9umar 99% ski resorts
The high speed rail is a part of the previously planned national route....... Business Insider do your homework ok?????
All these investments are not only for the game, but also considering the future development of the area. Western media will never understand what is the five-years plans or ten-years plans; all they focus is profitable or not. After all, the longest term they can see is only 4 years. 🤷🏻♂️
Yes, the buildings are not left to rack and ruin after the event, they are converted to use for the people.
yes when it's not the olympics this place is a skiing resort
@Adora Belle wasting your time on pointless comments when you can go and help your country's shit economy
@Adora Belle at least we aint like north korea, your country? worst than india
@Adora Belle thank you for your concern about poor Chinese people.
Lol, this is too funny.😂
All most all ski resorts use snow machines these days. China is no exception. Also, the snow fall might be low but every business knew location is key. The people from Beijing will has easy time reaching the venue, thus boosting the use of all the new facilities build.
The high speed train would be build regardless of olympics. The project was pushed forwardto be build ahead of olympics but it was happening nonetheless.
I am not a farmer but the farm land showed in the video looks more like a grazing land for animals. Animals can still graze even after solar panel is added.
I am sure China spend more money than expected in the budget but this video is trying too hard to increase the numbers.
and most people don't understand the scale of Beijing: it's 21 million population.
@@user-zk6rx5nt9o At least most people understand that Xi Jinping is a genocidal slaver
@@axelfury3189 and everyone knows no one asked 💀
@@axelfury3189 yet after all these years, there's still 12 million Uyghurs. While native Americans are only 2 mil.
@@axelfury3189 Who cares?
California has spent $98 billion on their bullet train and they still don’t even have a train or track. They estimate they will complete the first leg by 2029.
In 2008 they estimated it would only cost $33 billion.
That’s a cost of $2,480 per person. Most of who will never need or have traveled from LA to San Francisco.
That 2.5 Trillion dollar infrastructure plan is not going to even make a dent if everything is going to be mismanaged. I'm scared for the tax payers.
China built multiple bullet trains to nowhere, that adds up and not in a good way. China builds flashy mega projects, like the 3 gorges dam, like the bullet train system, like South-North transfer. It costs an incredible amount of money and their going to have their own crisis about that some time. It’s all grounded propaganda
In America there is so much less corruption, Here if you know the government official you get the contract immediately
Lol cheap Chinese labor force. The west can never work that hard for such low pay. The west is hating on China for the trade deficit while enjoying their blood and sweat. It’s a joke that solar panels are ridiculously expensive in US thanks to protectionism.
@@am-bushgaming4811 yeah yeah yeah China is going broke yada yada yada. It’ll still take some decades to reach the US’ $30t debt tho
@@am-bushgaming4811 i like your attitude. very positive and entertaining
Let's just build permanent Olympic infrastructure somewhere and stop spending money and burning fossil files to make a new Olympic village every 4 years
Makes sense!!
the olympics is symbolic to the olympians like zeus and the others, it was never held in the same area. many things at these events are all symbolic like the never dying flame is related to goddess vesta and the hearth (home-fire).
You mean every 2 years, since that's the period between the Summer and Winter games.
@@nocapitals9833 why r we even believing in these fairy tales?? No one believe them, not even the greek
@@crazyshorts4278 the governments and highest authorities in this world all play a role knowingly or unknowingly.
Infrastructure like the HSR to Zhangjiakou and its athletes' village is part of an investment for future domestic skiing tourism.
Good luck keeping the slopes covered
@@KhanJoltrane no worried, there are cold enough, used to have lots of snow in the past, as everywhere else in the world. Plus we have green facilities.
@@rabbit719 cold doesn’t mean snow. Beijing is cold but also dry so no snow.
@@organizedchaos4559 dry means no snow? there were snow years ago. got it?!
@@rabbit719 not enough to ski
If there is one country that don't make a loss out of an Olympics that would be China. They have the human capacity and also well thought out plans for whatever infrastructure they built for it. Instead of treating the infrastructure as "only for the Olympics" they would have definitely thought about what it will become after the Olympics, especially transport infrastructure. All the 2008 Beijing Olympics structures built are well kept and and in use till this day for example the birds nest. So I don't think its really fair to compare everyone the same way. Olympics has always been expensive, therefore well thought out planning is needed for every country if they want to host it.
Really cause they didn’t think about the venues after 2008.
people will think that china did not make a loss out of the olympics because they will tell the world they didn’t make a loss and if you don’t believe them you will get silenced or put in a concentration camp.
@@xtradark4621 how funny to see this in 2022
@@xtradark4621 grow up.
@@xtradark4621 then why aren't you in the camps?
I don't quite understand the issue here. Is China going to bill the IOC for the extra cost beyond the original budget? If not, what is the problem with China spending more money trying to make things better for the games? There is mentioning of the environmental impacts of the games. The fact that the main venue in Zhangjiakou has been built on the old site of a steel plant is an indication of China trying to reuse and recycle to miminise the impact to the land. The venues in Beijing are all existing venues from 2008 games. The irony is, there are heaps of comments in the west media to say that the cooling towers as a backdrop of the competition look grotesque. What can China do that can been deemed as right? If Beijing is not a suitable location for winter games, perhaps other cities should come forward to host the game. My understanding is Beijing had only one rivalry, ie. Almaty of Kazakhstan, in bidding for the games and IOC decided that Beijing is in a better position to host such an event (four other cities withdrew their applications due to a lack of resources and public support). I believe China is doing its best for the games, and might be spending a lot more out of its own pocket than the original budget. Those writer/speakers questioning the cost have no right to do so if they are not tax payers for the country. To finish my commnets, I will make an analogy: a group of people decide to have a dinner party and agreed to a budget. They decided to let Mr C host the party at his home as no other families offered to do so. One the day of the party, people realised that Mr C has spent way more than the original budget. Mr C showed no intention to ask people to pay the extra though. Some of the people coming to the party started to question why Mr C should be so wasteful, what impact this extra cost may cause his family, why Mr C should serve his meal in a bowl not a saucer, etc. Is this fair?
Look bro, don't bother urself asking questions, China didn't spend that much. For example, something that cost $100 in the US would probably cost $10 in China, that's how cheap things are in China. How u think China got developed so fast? Things and labor are less.
Already had a fake snow incident.
@@yahyakhalid6160 maybe, u don't know about winter games. U can control anything but not nature. Remember global warming? The weather is unpredictable so u need artificial snow to keep the game going, have u thought abt that?
The issue is that China is lying about the budget. They're claiming their winter games budget is going to be the cheapest in history but it seems it's actually going to be the most expensive. They're spreading this lie so that the Chinese government can show off to the world, like omg look what China did with that small budget, and with that feed the people with their communist agenda. Why are socialist/communist countries always lying about things ? It's about telling the world the truth ! If they lie about how much they spend on a big event like this, they could also lie about more serious things. Look what happened in Chernobyl, according to the USSR only a few people died. I'm not even gonna mention China's covid numbers...Besides they're spending a lot of money to show off while half of the Chinese people stay in the poverty.
I'm gonna say it, that Big Air Shougang venue looks like a high-heeled shoe sized extra-extra large
they all like like that 👍👍👍😂😂
after the Olympics, high speed rail and hydrogen buses is still going to be used in Beijing so business insider claiming it needs to be counted as part of the Olympics budget is ridiculous.
But it is infrastructure specifically built for the Olympics. Of course it should be counted. And besides infrastructure built for the Olympic games have a notorious reputation for falling into disrepair in the years after the games. I would not be surprised if the same applies here.
@@winxwest2964 Ten years after the 2008 Beijing Olympics, those Olympic infrastructure buildings are still widely used. The Bird's Nest is the most popular concert performance venue in China, and the Water Cube is used for citizens' daily swimming activities. And now these two buildings are reusing into the Winter Olympics. Indeed, the situation you mentioned is common in other countries. But in China, things look different.
It's doesn't matter the cost, China is the biggest creditor in the world and has so much public fund it's can spend on infrastructures without breaking the bank
But can’t keep the power on in cities.
Must be loaded with money 😂
The bank is already breaking but you keep repeating this.
How do you call yourself “Business Insider” with your shallow analysis on why China is doing the Winter Olympics? There are now 300 million Chinese participating in winter sports due to the hype from this event. Whatever the investment cost, it’s paltry compared to the gains from future consumption growth of buying snowboards, skis, skates, lift tickets, travel, so on and so on. China does not spend money frivolously, could be for pride, maybe politics, but definitely for future growth.
How many tickets did they sell for the 300 million to participate in it ?
@@A.D.D.O.C.D.T also shows that Chinese are participating in winter sports, considered quite exclusive to the wealthy nations. The West is getting nervous.
Yeah the exposure winter sport in China get so big, Xinjiang and Tibet get more exposure too for their winter travel and sport destinations.
@@gamh03 That ski resort in the Altay region looks like a lot of fun. Can't wait to be able to go check that out.
10 years from now china will sweep the winter Olympics
Western media is just jealous of a country that is able to build infrastructures.
btw, for leisure and ski resort economy, artificial snow is more than sufficient
China's Olympic infrastructures didn't become abandoned sites like those of Rio and Athens.
For competent countries like China, the Olympics is an opportunity
Most 2008 Olympic stadiums are even being used in the 2022 Olympics, so this is a long term infrastructure investment, as well as diversifying the economy into Leisure industries. There is a lot of room for growth in China for winter sport industries, from ski resort economy, to simply increasing the demand for winter sports gear, which will no doubt would boost manufacturing and give Chinese brands more market to grow into.
There not jealous about china's human rights abuses
@@troublej1035 yes... but they cried black life matter hahaha
US is so threatened about the rise of China, they will make up any bull shit to smear their name. Just like Tanya Harding broke the leg of her opponent, but the world is not blind and stupid. Building Olympic stadium is better than destroying other counties for their own political gain. The US has made human rights into a joke. It is just their multi-purose weapon to attack other countries. It has lost its true meaning.
@@janetlai5508 very true.
很同意你的观点,我认为他们也并不是不知道奥运会能给中国带来什么,他们只是挖空心思的想着从什么角度来让西方社会更加仇视中国,影片中刻意弱化了对2008年场馆的重复利用,在需要出现水立方等一些旧场馆的镜头时,他们刻意用了场馆内部的照片,这对于中国人来说很好识别,但对于其他人来说并不清楚,进而引导观众认为都是新建的。类似的拍摄和剪辑手法在这些媒体中太普遍了,作为中国人我可以有更多的渠道去搜索信息了解事实,我们毫不在意这种没有意义的政治宣传,但对于西方国家的民众,这些媒体几乎垄断了关于中国的信息,大多数人只能接受他们的观点。
Fake… they use this farmer all the time. Last clip I saw him is another news said he is angry because of the solar factory. Here BI said it’s because of Olympic.
Chinese puppet discovers people can be mad for multiple things
The budget for the 2022 Beijing Winter Olympic Games is US $1.56 billion, with 6% government subsidy. Most of the venues use the venues of the 2008 Summer Olympic Games. Infrastructure such as railways will be built even without the Olympic Games, which cannot be counted as the cost of the Olympic Games.
Can be built but wouldn’t have been built.
@@organizedchaos4559 why?it was one of the busiest tourist destination in Northern China. Traffic every day. Its economical, energy friendly and helpful. I don't see the reason why not though.
@@organizedchaos4559 Whatever floats your boat, Karen. LOL.
people are confuse about the Olympics stadium or other facilities instead of the railway and other accessing like 5G reception across this major area all are full range of services signal from phone the most incredible is kitchen robotic control it's hold self cooking and robot will handed to your seat table you have no need go to counter paid just step in canteen scan manual meals and pay online that all about ir
@@organizedchaos4559 Cry ab it
lol, money is just a figure. The fact that they reused the stadiums for the 2 olympic games is a fact of long term vision and proper planning. So all the olympic villages mentioned in the video can be easily converted into ski parks with accomodation. They would have been reused if the western media has the vision to look far enough. Reporting on the present would have made the video irrelevant by next year lol. The HSR connects 3 Host cities, and that is supposed to be part of the Olympic spending? That sounds pretty shallow to me lol. Considering how big of a market Chinese winter sports will be, It will probably outsize the entire world combined. So don't you worry.
Ski resort, in a place where it gets so little snow and needed snow making machines. Did you even watched the video?
Devon Draco if u go to any ski resort in the states, they r using snow machines. What is your point? Bc there's no snow , people cannot enjoy winter sports?
@@dharmdevil
Canada
The First Machine-Made Snow in the 1940s. your point? ROFL thats 70 to 80 years ago
Considering how big a market winter sports are in general ,I’d say you can keep them 😂
We don’t even have winter sports in Australia,so your market is useless here.
Just like all the cheap crap products China floods our country with.
Some markets you can have 😂😂
@@dharmdevil 北京下雪啊?每年大家都去玩,你以为北京不下雪你是不是有什么错觉?
China spends more than the official budget of the Olympics, but at what cost?
America spends more than the next nine countries combined on military, but at what cost?
Actually this is one of the cheapest Olympics. The villages are partially funded by private companies that will convert to housing units and hotel after the game. A lot of these infrastructures are pre-existing structures. The ice cube can be converted back and forth to water cube in about 13 days for winter sports and summer sports for the public to use. One thing China don't have a lot is winter sports infrastructures. This will add to China infrastructures. And Zhangjiakou is one of those areas China wanted to spruced up anyway. I am sure they can convert the train anyway they want. China has pretty standardize HSR construction and trains. So they should be easily reused after the game. A lot of these concerns are complaining for the sake of complaining to interject some politics. You are damn if you do and you are damn if you don't. Well ice melt into ground and help the environment too. Farming is actually the leading cause of pollution because they remove native plants and use of pesticides, fertilizers and other toxic farm chemicals. China is very smart in their infrastructures spending. The last person it needs advice from is the America.
No one can say better, you know it, but millions have been fool by western stupid media. China succes scare them and do not know how to deal but bad mouth. That only the brainless can do best. When China plans things, they see it for another cenntury. The stupid American politicians not even come close. Most American do not know HISTORY and experience. They depend on corporate news washing brains while having big pizza and beers for big fat belly.
Time will tell the true. Napoleon was right. He has vision. When China is awake, she will shake the world.
not at all.. look at China bird nest... China is not very smart on infra spending but rather equally bad... Taking their urge to "prove themselves" I tend to think the spending habit might be worse.
@@jparsit guess you've never heard of a tofu dredge building? Or the multiple, multiple crumbling and collapsing and vacant building? Enjoy your toxic rice.
China can do no right in the eyes of her haters. Those who criticize China do it because of jealousy.
@@jparsit The West are jealous of China's rise. And now their jealousy has turned into hatred and their hatred has turned into hostility.
Is there anything you don’t suspect about China? Chinese economy can well support the costs and Chinese citizens are more than happy to spend on it. How about your country?
The points you made are nonsense btw.
Throughline did an amazing podcast on the costs of the Olympic Games. Worth a listen. It’s not just China, the Olympic committee is just trying to greenwash it imo due to all of the recent scrutiny
I am pretty sure China won't be suffering from the Olympics. Heck they are still using facilities from the 2008 Olympics. I am sure the villages and high speed train won't just disappear.
@@jjc1347 that's just sustainable. no need to build unnecessary more buildings.
@@Elfangorlanzhou Yes we should have the Olympics in China every year, every year, every year!
All Hail China, the new leader of the Universe,
What do you mean Sarcastic?
@@jjc1347 Yeah, I don't know how much Beijing and ZhangJiaKou interact with each other and stuff, but that will at least be a popular line come winter time when people want to snowboard or ski and stuff.
@@jonhelmer8591 Cry about it
Can business insider confirm if they are funded by the N.E.D. ?
@वेदम् they fuel war
Lmaooooo wumao doesn’t even know what NED is, that’s so funny
@वेदम् a biggest ideoligist propaganda fundation of the US
Even the used extra water was mentioned, the reporters did not know there is a nation wide water infrastructure project started ten years ago and now completed to channel extra water across thousands of Miles from south west... For 10years not a single HSR was added to California
the south to north water project that's very dirty and inefficient? Yeah sure
@@UnsungAces what said in Simon's video is that the third phase, western routine, is more problemistic, involving much larger area and surface channelng, . It's still under re view and. goal is to complete in 2050
@@UnsungAces Let me see.
People like you mocked China when Chinese built 5-lane expressways in the 80s because everybody rode bicycles then , now those expressways are crowded with expensive cars,
you mocked the "ghost towns" and stations to nowhere and now these are bustling metropolises achieving the fastest urbanization rate in the history of the world
you mocked high-speed railways and now HSR are drivers of economic integration and prosperity
You criticized mega infrastructure projects like Three gorges dam and The South-to-North Water Diversion Project and would rater leave people without water and electricity
You mock the poverty alleviation program that is responsible for 95% reduction of of worlds poverty. If we exclude China, the poverty in the world actually increased in the last 50 years...
so all I can say to you is:
"If You Don't Like Me and Still Watch Everything I Do, Bit*h You Are a Fan"
@@alexlazar4738 i love how you're imagining me saying things and goes to write mad essays about it, go take your meds bro
@@alexlazar4738 haters gonna hate. Just Ignore them
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why usa worry about about olympic spending
❓😂😂
很高兴看到世界友人为中国的各种大事小事操心。你们辛苦了!
笑死
Hhh
Agree, we should be worrying about what happened to uighur muslims and why CCP wont allow investigation inside Wuhan laboratory of bats.
@@ytpremium6294 关你屁事…
@@ytpremium6294 Why not worry about the ordinary people of Iraq and Afghanistan?
Here for my daily dose of salty westerners whining about China 🤣
sup wumao
The fact is 3.9 billion is only for the Olympic.
The rest 35 billion is for the high-speed rail train project. Even if there is no Olympic, the train project would be still going.
The reason it costs so low is most of the stadiums are re-used (constructed for the 2008 Olympic)
wumao alert
@@TheDelamoir Cry ab it. Fact is fact.
Yeah...no.
@@TheDelamoir CIA shill alert
The big air is a permanent structure that was built for the world championship in 2019.
Not sure what is the intention here. to help Beijing/China save cost or to smear.. China has long term plan, the train is an investment. i would guess after this winter olympics, millions of chinese wlll try snow sport and it is a boom in local tourism.. the billions spent is worth it.. definitely better than spending on weapons.
If the village is later converted into training facility or resorts, it will not be part of the budget. Right? Make sense?
No, that makes no sense. It is typically DEMANDED for hosting Olympic games that the facilities are later used for other things. It still needs to be part of the budget.
@@GlacierCodfish it's not a budget from a government pespective because all the buildings are outsourced to privated real estate companies, olympic village is an extremly attactive selling point to Chinese real estate buyers. The railways and bridges should not be in the budget too, it is only a fraction of what China spent in infrastractures, Olympic is the tool not the purpose to build these railways. This video is selectively using "real data" to emphasis on its agenda. That is, "China is lying every single data coming from China should be question", It's a good little case study for me to understand how journalism work in the West.
@@wenzhu8677 Heheheheh. Journalism in the west works by focusing on real data, yes! Quite a contrast to a dictatorship without human rights like China. The full truth is the goal, so that the viewer can consider every angle and make up their own mind.
China hiding the truth is no new story. The party sensors anything. Obviously the budget here is rediculous, so the video has a good point, EVEN if they needed a highway already.
@@GlacierCodfish Your reply just showed how true my statement is about your media . I stated the reason why village and railyways should not be in the budget, which was the main point in the video. Yet, you made zero arguement but feel "budget is rediculous"therefore went to "China bad, China lying" narrative. The video further attacked China' s environmental issue
"500m gallon" used for this olympic, WOW. I remember last time I visted LA, US. A single park used 500m gallon of water per year and you people seem really proud abt the green grass. Wait, 2018 Pyeongchang Olympic used artificial snow to make 98% of the snow. Googled it, zero artical from mainstream criticised it. Cherry picked data with false hypothesis only makes single dimensional hinted anwser.
@@wenzhu8677 Bot the video and me actually made a solid point. Much more solid than your effort to protect China here, a nation continously proven to hide truth.
And actually I HAVE heard about the snow production argument from MANY mediasources. Im not even from USA! All in all it is rediculous that china has to produce ALL the snow for a full winter olympics artificially.
Instead of having time to question and blame the Chinese government, let your government take care of the people in your country.
why? it bruises your ego?
Chinese government should mind their own business as well instead of violating territorial integrities of several countries in Southeast Asia such as The Philippines, Vietnam, Malaysia and Indonesia @wang daren
@@2_kevinarikrayhan187 what about USA. Just mind your business
If China didn’t deliver the Olympics on time, Insider would cover the failing infrastructure, but because the delivered, now they “estimate” the over spending. Always doom and gloom. Yea you wished you had those high speed trains.
Wow! How come China is so rich? They can afford to build a bullet train line just for one Olympic venue, when USA can't even afford to build one for the entire country? Amazing!
Money isn't a issue.
Infact China builds it much cheaper.
The problem is acquisition of land for Such Projects,and Reimbursement of displaced Citizens.
An average Chinese Citizen can't refuse the compensation, while an American can drag the Government to Court for 10 years.
@@thebestevertherewas You are right. The Chinese government owns all the land in China, so there is no need for eminent domain.
@@thebestevertherewas do you still believe in democracy in the us after all the.. with trump and stuff
@@jialuqin9099 We hear all the time about problems in the US like homelessness, high crime wave, drug addiction, gun violence, race crimes, etc. I think it mainly happens in America. I don't think it is due to democracy because other democracies do not have the same problems.
@@jialuqin9099 don't call it democracy, call it universal suffrage
There you can see. You can depend on China to honour its commitments to make any event very memorable.
Most athletes praised all the facilities unequalled anywhere .
Go China ....
That doesn't sound right. The infrastructure and residential built in relevant areas can be used later so why count them as one-time olympic cost
They were built _initially_ for the Olympic Games. If the host city did win the bid to host the Games, those facilities would not have been built. Furthermore, there is no guarantee that the facilities can be re-used or successfully sold. The cost must be factored in whether or not those facilities can be re-used or sold.
@@RaymondHng it is up to China to decide, not for us outsider.
Okay...we will probably never know what happened to this farmer after granting this interview.
That's what I thought
Pepsi I think
CCP doesn't allow human rights, farmers are meaningless to them.
@@TKCH00 People's life are meaningless to the CCP
Soylent Green.............
What's wrong with western media against China ? Whatever the cost doesn't concern you but the host nation
wow, that's when you don't have to pay for wars
Wait didn’t they invade Vietnam like 30 times?
@@andrew627 yea almost a century ago xd
@@jimmylei6798 Where the hell did you get that BS from? The biggest one was in 1979, that’s not even close to a century. China had a bigger war with Vietnam than the US version. that’s why the Vietnamese love America now because support is provided to defend against China.
@@andrew627
Time to take your med. !!!
@@andrew627
Yeah, I am sure they love the American’s agent orange particularly! 😱
No worries! At least, 300 million chinese people would enjoy the winter sports in the future 10 year. As Chinese, I think It's a long term investment, and will be paid off soon.
Most of sport infrastructure probably got abandoned after Olympics just like in Brazil
@@fadli_1577 they’re literally reusing stadiums from 2008. SMH wish ppl would do some simple research before spouting off
😂😂😂😂CCP mind tricks
@@fadli_1577 In Brazil, I do not know. But in China, it will be crowded soon.
@@A.D.D.O.C.D.T I am nobody, not CCP.
There are tons of videos right here on CZcams about WHY Olympics are so expensive and a lot of it has nothing to do with the host nation. The standards set by the Olympic committee are sometimes absurd. Beijing is no difference in this regard.
As for negative external costs that are not in the Olympic budget, I doubt anywhere else in the world do people take that into account in their estimation of the cost of hosting Olympics. At least this time many venues built for the Winter Games will be permanently available for the local community (which is a huge city with 20 million residents).
wont be any snow there in 2023
Every country spends way more than they claim on the Olympics, it is huge for any country since the amount of Tourism alone pays for a bunch of free infrastructure. I've got no issue with China spending whatever it wants on the Olympics, but I do think it was dumb to let Beijing host the Winter Olympics in a place where it averages like 0.1 inch of snow the entire month of February.
They should have just had the winter Olympics in Africa would have been about the same snow fall 🤣🤣🤣
No matter there is olympic or not, new airport and rainways will be built sooner or later, it's part of the infrastructure plan. And Zhangjiakou does snow in winter so it will be a winter sport resort for sure.
After watching this video I kinda understand why most countries can't achieve fast development like China does. Investment in infrastructure is never a waste of money. That is exectly what government financial budget for.
Every country can have fast development if they have 1,4 billion population
As long as it's cold enough to make snow, the show will go on. Similar to most ski resorts near population centres in the world.
@@fadli_1577 ummmmmm i don't know. india has that kind of population as well
@@fadli_1577 你去看看印度吧!
@@rickr9435 India also have very fast economic development, their immigrant also become CEO in major american company
Zhangjiakou is a tourist destination, every holiday here is always crowded with people, there is no need to worry about this place will be no tourists lol
Busy at the moment ? 😂😂😂😂😂
Bet it’s full of people ,in lockdown.
T’s Life yes, it's completely full since last winter. And Beijing barely have cases since long time ago. So there's no grand lockdown for local citizens. Many of my friends in Beijing go to the resort every weekend. Please try to find out the real information and judge.
Athens: Our 2004 Olympics cost the country 18.7 billion dollars in 2021 dollars
Sochi: Ours cost 59.7 billion dollars!
NYC: *You guys hosted the Olympics?*
Also, you forgot to mention at 2:50 that figure skating also takes place in the Beijing cluster.
Apartments in athletes village will be sold as real estate after the event.
china does have a history of selling real estate in middle of nowhere lol
or used as Covid housing facilities.
@@Ashishkumar-pf3db it's in Beijing, real estate in Beijing will always be sold for a ridiculous high price
The olympics bring good marketing and tourism to a host country, but will leave them with a finacial burden for years to come
Like the world cup remember?
You can shutdown tourism business with viruses. Look at how much money they lost in a single year.
There's no tourism going to China during the pandemic, only the athletes, their support team, and diplomats can come during the Olympics, and they're basically not allowed outside of the Olympic Village, afaik. Tourist visas are no longer being issued and any previously valid tourist visas (there are some that are valid for 10 years) have been invalidated.
@@deana6072 never compare pointless Olympics to the Prestigious World Cup. Especially the Winter ones which no one gives a shit about!
the 2008 summer olympics' leftover was already a giant burden to china. most of the facilities turned into infrastructural waste that no one would ever visit after the games. well based on the chinese government's history, whatever the real cost is, i'm not gonna be surprised
It's so weird that BI has this type of comment about China's resident relocation program. I'm a Chinese student who studies in an international school, and I have done some research about this program. It's like a convention in China. When the government needs the land for specific purposes, the local officials will negotiate terms with the residents, and often these residents who are "forced" to leave their home will get a several new decorated houses in return. Second, the farmer is still farming near the solar panels, so....what do you mean? Besides, we are not a closed country, and the propaganda machine we have is not as powerful as many of the foreign media have reported.
I feel bad that my country is denounced in such an irresponsible manner. I mean, I'm educated, so I'm open-minded, especially when reading articles or watching videos like this one, but you have to provide enough evidence so I can believe it. Like what is the purpose of showing a fraction of the interview with one misanthropic, cynical old farmer instead of showing us the whole interview or any government documentations?
By common sense, no government can handle such a large country by continuous dehumanization and propaganda, or by lying to its residents and foreign media.
1) Do you consider China as a highly developed and advanced country ?
2) How would you personally rate China (from culture to technology, architecture, food, local products, scenery/landscape, standard of living/quality of life, etc.) on a scale level of 1 to 10 ?
3) If you have 3 words or more to describe China, what would it be ?
How they are willing to spend the money is their business.
What you expect from Karen!?
Their business is about to destroy the country
@@aidanquiett668 it is still there business
@@aidanquiett668 which country? You think you know more than a government who brings 800 million people out of poverty in 30 years don't know what they are doing? They have free schooling, pension, healthcare, highspeed trains. Now, let's look at our countries.
@@yenphung8809 China, the country that built itself on a failing government, and is trying to hide the evidence of that. China, the country where they build infrastructure quickly because of insane amounts of corruption in the construction business that is getting hundreds killed senselessly. China, the country where pointing out these problems as a Chinese citizen means you sacrifice your rights as a citizen if not your life
My prediction, 2028 Los Angeles olympic will be the most expensive and infrastructure will not be completed on time (Same for Paris 2024). Mark my word! Now it's time to start making excuses.
The Canadian Olympic stadium in Montreal is still unfinished since 1976 and yet to see the profit returned.
@@huamok7088 True, Montreal stadium is falling apart and there isn't much happening there.
Who cares. $38 Billion is nothing to Beijing.
Wow 38billion damn now im pretty sure many countries will no longer bid to host the olympics summer and winter
Someday they'll make a video on How Chinese breathe more air than any other country
Well I feel like it's very hard to really build such huge scales of infrastructures without undermining some "human rights", I double quoted it because you didn't report how much these farmers are paid. They are paid a hell lot usually. I visited a small hotel in a mountain village while traveling and talked with the owner, he said that the villagers are about to be cleaned from the area because it's gonna be a new military base there, but they are given free apartments in the city, so their children have much better education (free), and they are paid a lot to happily accept the trade. But you know, you never make everyone happy. And that happens in the middle of a mountain in Shaanxi. So imagine what you get in a city like Beijing. Beijing really doesn't care about spending more money on the farmers because they rather make you happy to move yourself than wasting time negotiating with you when they need to get the infrastructure done in a limited time.
You know China has the world longest railroads, and it's impossible that the government didn't removed a single house to build those railroads, but when it's there and everyone can travel so conveniently with very affordable prices, no one really cares if anyone's unhappy. Just like no one really cares if you are unhappy about the guns and drags around you in America, it's just things works differently in different places.
ps. Probably consider counting the money they spent on the farmers lol
中国有句话 拆字一画黄金万两,挖机一动,玛莎拉蒂
2010 Vancouver $6 billion, 2014 Sochi $50 billion, 2018 Pyeong Chang $12.2 billion, 2022 Beijing $1.6 billion. The $38.5 billion by Business Insider is the gross-gross-gross-gross-gross-cost, which includes the construction cost of the Great Wall thousands of years ago.
Excuse me while I find tissue to wipe tea that just snorted out of my nose.
@@ghugns Deeply sorry, haha!
I almost expected that the headline "Billions More Than The Official Olympic Budget" would end up with "and Chinese stole another $20 billions from America".
Insider: THEY SPENT TOO MUCH MONEEEYSSS
Also Insider: we couldn’t find how much x costs
propaganda
i used to thought insider is a good and professional business & tech channel but i was just confused why there is no any semple of China
after seeing this video i finally realized it
insider is just something soft antichina and it belongs to the USA
its clear that all the contribution during the preparing phase for the olympic will bring huge chance for china to grow up
and impress more young generations get interested in ice-sport and improve their health, being stronger
someone says china is still in burdon of the huge cost from 2008 ... i only hope that guy is not from the US otherwise if he knows the truth he would lose his mind
china applied for 2008 Beijing olympic in 2000, and next year in 2001 they applied for 2010 shanghai EXPO
the same year they joined in WTO and won the right to host the olympic
at the beginning of the year china has met the heavy snowstorm among the whole country, and on 12nd May it happened the Wenchuan Earthquake
people of china conquered all the difficulties in that year and still fully prepared for the 2008 olympic
the opening ceremony impressed the whole world and showed them the brand new china
the 2010 EXPO in shanghai also brought the city huge development of 20 years earlier
so now about dozen years later the country has been developping faster and stronger than before
people getting more educated and richer, also finally made all more than 1,400,000,000 people get out of the porverty
all of these were just in china's plan and it seeing them as its huge chance
however, these are not the only fact
i have to say the truth that the US guy better not to know is the US is actually affording huge burdons among the world
its the largest creditor country in the world
and it keeps making other countries paying the bill for it by dealing inflation
but hell yeah, the US never give a shit,
"That's a great asset, more inflation," Biden responded sarcastically over a din of reporters shouting questions, apparently not realizing his microphone was still on. "What a stupid son of a b*tch," he added.
5:37 "often this costs would be done anyway" so what is it? You complain about costs missing, but also accept things like those infrastructures would be built anyway 🤷
Complaining about missing costs from the official figure has nothing to do with realizing that the infrastructure would probably be built anyway.
It’s about revealing a lie, like what your mother did to your father every time he bought new fancy toys for himself. Hey, and it’s also about ruining thousands of farmer’s life for a game, look like it’s not that important in your mind?!
@@menvevo8111 Picture this, Karen standing near the window and shouting to everyone pass by. That is what US does. A big Karen with machine gun!
@@route55qatar Dude, the reality of this dictatorship regime is what the world have to face and deal with; you shouldn’t waste your time dreaming all days and making up stuff like that. Don’t put shame to your family as a useless human being who don’t understand anything.
The host nation of each Olympic invested countless money and manpower to host a game for the most talented athletes in the world to perform and fans around to world to enjoy. Those nations deserve applause.
👏👏👏👏
Apparently this vid just wants to diss
haters gonna hate, whatever you do
China's winter sports industry is projected to triple from 2015 from $42 Billion to almost 157 Billion according to an article from Axios. When they first bid for the game they target 300 million winter sports participants. By this year they have already exceeded the target to 346 million. Looks like Business Insider doesn't understand the business of winter sports in China.
Why was an area chosen that does not produce much snow naturally and how will the facilities be useful if artificial snow has to be made all the time ? The machines are leased from Italy.
@@Minchya Because it's the best place for winter sports considering its location.*check the map, including the precipitation one.
Further more, for the mass travelers, the artificial snow could produce by local machines cheap and good enough.
the US build a bridge need 200mil dollar due to delay for almost 8 years of time and raising cost in China build a bridge only need 48hr and take only 20mil dollar
@@Minchya When I stayed in BJ, I had the choice of driving to the current Olympic ski area or take a plane to the Northeast where there's natural snow. The majority of the population interested in skiing would prefer the closer location due to work schedule and high cost associated with flights and resort expenses. It's pretty much the same reason why many New Yorkers ski in the tri-state area instead of flying to Colorado or Utah
@@zetusai Excuses and laziness. Most Chinese will take the escalator/elevator any day over stairs.
Dont worry about us,close your colored eyes,take off your Pride and Prejudice, Do you kown ,how many RMB income ,just in one season year of winter sport station in zhangjiakou ? 2 billion RMB just tickets fee income,not include some other ,so the business hold the olympic games in beijing is an good business。THIS IS IN CHINA,YES,WE CAN!
With or without this 2022 winter Olympic, those infrastructures were planned and build on schedule because they were needed if you look at the population in the area. Please don't use your narrow and poor mind to think about others. In fact, the economy is booming since the fast train finished, and it brings a lot of opportunities for local poor people.
It's just amazing that Business Insider or any western medias could always find something to critize about China 😂😂😂😂
The Winter Olympics just speed up the development of infrastructure like railways, which is not an Olympic cost.
The amounts spent bother you that much ? Why don't you look into the ledgers?
The HSR will be used in the future. By the way, the ski lodges are destined to be used for winter sports
now being promoted. Go to sleep and don't let the amount spent keep you await.
It won't make any difference!
i dont understand what you're trying to prove? why politicize a olympic budget?
No need to worry about the rising star throwing a small party.
Let's face it, World. The Olympics, both winter AND summer, are just too damn expensive. Time to stop producing them.
I agree why dont they just keep it one country every year at the same venues
Yes. I agree to the idea of designating one or a few cities for hosting games. Just to point out that even though the Olympics are very expensive, in countries like China and Russia, the central government manage the Olympics and use their national budget. So they can absorb the financial burdens far better than when the single city or the province manage the financial burden as they do in western countries. This is the reason why many European cities gave up hosting the Olympics.
Yeah Olympics needs to stop 100% just money being spent that they dont have let alone overspending imaginary money lol. Who cares who wins gold anymore? The world doesnt need a dick size competition anymore time to put it away it seems to have already gone off the deep end from anything good it originally could have been in the start.
@@rowan1275 Americans seems to need it...
It's a gamble of the hosting city/country, it's their consideration not yours. If it's your city, you'd better protest.
Don't give us views and opinions. Give the links and evidence to form our own conclusions. This is bad reporting!
$9.2 billion High Speed Train
US: What's a High Speed Train?
Can't wait to watch this brand of narrative when 2028 Summer Olympics will take place
I doubt there's a sane person outside China who genuinely believes a single shred of whatever China says when it comes to facts & figures - so at this rate I'm expecting them to say that they came in under budget.
Lot of ignorant people in this world who will believe anything. Just look at what people believe the mass media broadcasts here in America....
Why do you have to believe or not believe, it's none of your business
Why are you including vulnerable people criticizing CCP practices? You might be putting his safety in danger or he may be harassed in the future.
Insider is part of mass media. Do you think they care about other people. Their sole purpose is to make the content lucrative regardless how much it costs humanity
Lol, by your standards, many weibo users (Chinese FB/Twitter) could be sentenced in jail already. Brainwashed outlanders.
@@hazenetb And it has happened, so thanks for making his point
@@AmabossReally You mean
"Jake Newsome was jailed last week for posting offensive comments online. UK"
"Should it be a crime to call public officials corrupt? Yes, according to the police in Exeter, New Hampshire. USA"
In addition to USA case
"Robert Frese was accused of violating New Hampshire’s criminal defamation law, which makes it a misdemeanor to intentionally and falsely disparage another person. New Hampshire’s law - and others like it in 23 other states around the country - literally make it a crime to say mean things about people."
Don't forget to put your pants on, baby.
@@hazenetb Bruhhh I’m not from the US nor UK lmaooo so take your hate boner somewhere else with that whataboutism 😭 You changing the subject clearly proves that my point was right lmaoo
And was it worth it China? All that cost, all that effort to build these beautiful venues and host these games, and still they get nothing but negativity and put downs from the West like this hit piece. I hope China and Russia do not even bid for another Olympics ever again. Not because I hate these countries or think they did a lousy job, in fact, just the opposite, I think they did an amazing job with Beijing 2X and Sochi, but because no matter how hard these two countries try, they could never catch a break from the West, from our toxic always-be-hating Western media to our hypocritical politicians to our pampered, spoiled athletes, to all the perpetual haters on social media. I think they should just save themselves a whole lot of money and trouble, just let the know-it-all, holier-than-thou West host all these games from now on, or some sucker third world country eager to prove themselves on the world stage like Egypt, Indonesia, India, Kazakstan or Israel.
Building these venues is not really that much as after the games it will be a tourist destination. It also promotes the sport itself. I don't know why but this video comes off as envy.
Looking at every countries, the Infrastructure they provided usually collapsed because it cannot sustain themselves, making it a tourist destination isn't a good idea because the economics is still declining, and it's in the period of the ever-so-relevant COVID 19 with China's restrictions as well, promoting sport by this can be plausible but nobody would go there except the rich, not only the huge amount of money that can be spend on the Poor as having tofu-dregs isn't a good housing units to live in. The maintenance is just horrible overall, you seen similar ones before, for one that was from Brazil where the poor is neglected for the Olympics but then after that it just left there and dies due to bad economic