Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace

Mercury is in retrograde

Feb 28, 2020

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Sign up for "Econ Extra Credit" Here

Beijing to host the 2022 Winter Olympics

Kai Ryssdal and Rob Schmitz Jul 31, 2015
Share Now on:
HTML EMBED:
COPY

Beijing to host the 2022 Winter Olympics

Kai Ryssdal and Rob Schmitz Jul 31, 2015
Share Now on:
HTML EMBED:
COPY

Beijing will host the 2022 Winter Olympics. The city beat out Almaty, Kazakhstan, which was the only other bid. This will make Beijing the first city in over a century to host the summer and winter Olympics.

These games come at a very different time in China’s economic life than the 2008 games. “China was a very different country in 2001,” says Rob Schmitz, Marketplace China correspondent. “Things were looking up. The economy was going crazy. It was going almost at double digit speed,” he says. “In the years leading up to 2008, we had 10 to 14 percent GDP growth. That’s not the case anymore. We’ve got 5 to 7 percent GDP growth and things are slowing down.”

The games will happen seven years from now, and China will have to build the infrastructure to support the Olympics. “China’s trying to change the way that its economy is run. They’re trying to turn from an infrastructure-led economy to a consumer-growth-led economy. And here we have a huge, huge infrastructure project,” Schmitz says. “This is the old model of growth. This is not the direction that China wants to go with its economy on paper at least.” 

Pollution was a big issue for the Summer Olympics and will affect the Winter Olympics as well. “Beijing has made some significant efforts, some significant movement, on the pollution issue,” Schmitz says. “Realistically, there’s going to be a lot of pollution for years to come. What we’ll probably see is a repeat of the 2008 Olympics, where they flipped the switch and basically had all these restrictions on factories, and when it’s done, start it all over.” 

If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air.  But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.

Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.

When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.