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When the Games End, The Economic Party's Over

Posted on August 21, 2008

Many pundits are predicting that China's economy will start a downward slide in a few days. Among those nay sayers are Dexter Roberts and Frederik Balfour at BusinessWeek:China spent some $43 billion and the better part of a decade preparing for the Beijing Olympics. But now, like a party host surveying the house as the revelry winds down, it is contemplating what will happen when the Games end on Aug. 24.After giving a specific example or two, Roberts and Balfour point out that companies across China are grappling with rising labor costs, high fuel prices, and the strengthening Chinese curre...

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