Houston Community News >> Olympics Good for China's Economy

6/3/2008 SHANGHAI -- At $20 billion and counting, the Beijing Olympics may be the most costly games ever, but they will be a boon rather than a boondoggle for China's booming economy, ratings agency Standard & Poor's said in a report released Tuesday.

The huge investments in city infrastructure and facilities will enhance the Chinese capital's appeal for business and tourism, likely strengthening Beijing's financial status overall, Standard & Poor's credit analyst Kim Eng Tan said.

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