Perils of a Post-Olympic Slump

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The seven-year run-up to the Olympics has seen China’s white-hot economy chug along with an annual growth rate of more than 10 percent. But the global economic race is more of a marathon than a sprint. Several former Olympic host countries, including Japan and Australia, suffered economic slumps to varying degrees after the euphoria. Now eyes are turning to China to see if the Games will have a similar impact after they end. Will a post-Olympic slowdown play out here, or could it even prompt another economic take-off in the country? China Development Observation, a business monthly, interviewed Chen Jian, Executive Director of the Beijing Olympic Economy Research Association; Li Yining, a renowned economist; and Zhuang Jian, a senior economist at the Asian Development Bank China Resident Mission, for some answers. The seven-year run-up to the Olympics has seen China’s white-hot economy chug along with an annual growth rate of more than 10 percent. But the global economic race is more of a marathon than a sprint. Several former Olympic host countries, including Japan and Australia, suffered economic slumps to varying degrees after the euphoria. Now eyes are turning to China to see if the Games will have a similar impact after they end. Will a post-Olympic slowdown play out here, or could it even prompt another economic take-off in the country? China Development Observation, a business monthly, interviewed Chen Jian, Executive Director of the Beijing Olympic Economy Research Association; Li Yining, a renowned economist; and Zhuang Jian, a senior economist at the Asian Development Bank China Resident Mission, for some answers.
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