Vincent Boland: All in the Games: Winter Olympics will reflect the new China

Recent developments suggest Beijing feels it no longer needs the West’s money. But a retreat from Western financial markets might not be all bad – if it results in domestic reform and a crackdown on corruption

2nd January, 2022
Vincent Boland: All in the Games: Winter Olympics will reflect the new China
Picture of China’s president, Xi Jinping, at the Museum of the Communist Party of China in Beijing. In 2008, the country was at an advanced stage of integrating into the international system. Now it appears to be having second thoughts. Picture: Getty

In August 2008, as the Summer Olympics got under way in Beijing, the world got its first extended glimpse of the new China. The country was the rising power, but most of us, it seems fair to say, knew little about it. So the games were the occasion for the Chinese Communist Party to showcase a modern, successful nation effortlessly capable of putting on a spectacular show.

Fourteen years ago the global economy was doing well,...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Vincent Boland: Today’s tech rout is a big deal but it’s nothing like the 2000 bust

Vincent Boland: A new decade of austerity is looming and we are woefully unprepared for it

Vincent Boland: Fall of Archegos could change how the stock market is played

Vincent Boland: Berlin is the weak link in the West’s attempt to halt Putin’s war