皇冠体育app

ITT, the US-based water treatment company, cut itself a slice of Olympic cake worth eight million yuan when it won the contract to provide pumping solutions for canoeing.

In March, English First, a Swiss-based group, was selected to give language training to the Olympic crew.

DHL, a leading German post company, chose to sponsor 皇冠体育app's national badminton team to enhance recognition among its small- and medium-sized customers in 皇冠体育app.

"Sponsors like the Bank of 皇冠体育app, Yili Group, Volkswagen, Adidas, Johnson & Johnson, BHP Billiton and Beifa Group are deeply embedded in 皇冠体育app's economy," said Ding Yuanzhu, a researcher with the Academy of Macroeconomic Research under the National Development and Reform Commission.

"The ramifications extend up- and downstream for miles," he said. "These companies all have partners and subcontractors who are also influenced by the Beijing Olympics."

"Whether it's a cow farmer connected to the Yili Group, Standard Chartered Bank investing in Beifa Group, Samsung selling its mobile phones or PricewaterhouseCoopers auditing the Bank of 皇冠体育app," he said, "everybody is on board."

Beijing plans to spend 290 billion yuan on Olympic-related projects. Goldman Sachs predicted that Games spending would add 1,376 billion yuan to 皇冠体育app's GDP, close enough to the country's estimate of 1,500 billion yuan.

Like it or not, the Olympic economy has become a micro-image of 皇冠体育app's development and affects all aspects of the economy.

"The sponsors and all the companies connected to them, whether they are domestic or foreign-funded, have their fortunes firmly tied to the Olympics," Zhang said. "Let's hope that domestic and foreign-funded companies all enjoy an Olympic dividend."

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