2. It is necessary for the participating teams to spend on accommodation. Meals also have to pay for meals. These money. In principle. Is by the national Olympic delegation out of. In reality, it is sponsored by the governments and large industrial and commercial consortia of the countries where the delegations are located. The situation varies from country to country.
Cuba, Russia, North Korea, Saudi Arabia, etc., must be their own national government funding. The US, France, Germany, etc. All of them are funded by their own national consortiums. Including food and lodging, all paid for by the countries in the name of their own Olympic delegations.
But the cost of food and accommodation at the Beijing Olympics. Obviously the charges are on the low side. Not enough to cover the cost price.
Because the Chinese government and the Beijing Olympic Committee are not trying to make money from the Games.
Some of the cost of food and lodging for the delegations was covered by financial subsidies from the Chinese government.
Two hundred and eighty billion dollars was spent on the Games. That's the official figure. Including all the commercial activities. But in the long run, it's not going to be enough to cover the cost of the investment. But in the long run. High inputs and low fees will obviously give the world a good impression of the participants and attendees.
Spend a lot of money. The Olympic Games will be unforgettable for the people of the world. To create China's own brand.
For example. Food brands. Culture. Tourism image. Product services and other good sense. Will be beneficial to the future of China's own brand products to the world generation to benefit.
Now spend out two thousand eight hundred billion. In fact. Not as much as half of the loss of China's dollar foreign exchange reserves depreciation in the past year. Pipe how, a large number of venues and facilities we also see things it. The depreciation of the dollar foreign exchange reserves is nothing to see hit the water.
So the Olympic investment is worth it. The overall growth of Chinese products in the eyes of the world's people will be the status.
It will also allow people around the world to see with their own eyes, by some Western media derogatory real good China.
3. According to the requirements of the Olympic Village Guidelines formulated by the IOC Executive Committee, the Organizing Committee of the Olympic Games shall bear the full costs of accommodation and food for athletes, officials of sports teams and other staff in the Olympic Village, as well as the local transportation costs of these people.