More than just Games for Beijing
Posted by: Jeremy Gaunt
Britain’s Association of Investment Companies is making the case that the Beijing Olympics will have a major, positive impact on investors’ perceptions of China.
They cite a number of portfolio managers who argue that there has already been a major economic boost to the Beijing area from the Games to add to the red-hot national economy.
Beyond this, there is talk of the Games as a showcase for China’s achievements. As John Millar of Martin Currie Pacific notes: “As we saw with South Korea in 1988, such an event can have a major impact on the international perceptions of a
country.”
As with nearly everything, though, there is also the flip side. Atlanta 1996, anyone?
