China prepares cash injection to counter ‘Olympic curse’

Having invested more than €25 billion to produce an Olympics of unparalleled pomp and grandeur, China is planning another major cash injection to meet a new Olympian challenge - staving off the so-called ‘Olympic curse’.

13th September, 2008

Having invested more than €25 billion to produce an Olympics of unparalleled pomp and grandeur, China is planning another major cash injection to meet a new Olympian challenge - staving off the so-called ‘Olympic curse’.

The term was coined by researchers at JP Morgan Chase who found that ten of the 11 countries that have hosted the games since 1956 have suffered an economic slump immediately after the big event. Only the Atlanta...

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