China’s leaders are planning tax cuts and a public-works spending spree to make sure their economy’s growth isn’t doused along with the Olympic flame.
Ten of 11 Summer Olympics host nations analyzed by Morgan Stanley economist Stephen Jen saw growth and investment slump in the year following the games; the only exception in his study, which stretches back to 1956, was the U.S. after the 1996 games in Atlanta. Government officials in China, whose expansion was already slowing before the Beijing games ended last month, are determined to avoid what Jen calls the ”Olympic Curse.”
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