How does Beijing deal with the "post-Olympic effect"?

There is also a view that the emergence of the "post-Olympic effect" is related to the economic development level and economic scale of the host country. Whether it is Athens, Sydney or Seoul, when the Olympic Games are held, the economy of the host country has already developed to a certain extent and the host city has begun to take shape. There is not much room for development. The huge investment will cause indigestion. Thus the "post-Olympic effect" emerged. But China is a big country, and its economic scale far exceeds that of Greece and Australia. As the capital, Beijing’s approval rating for hosting the Olympics is as high as 94. A situation similar to the Canadian federal government’s unwillingness to shoulder a $14.6 million financial gap for the city of Montreal is unlikely to occur. And the initial investment for the Beijing Olympics is not large compared to the entire investment. Wei Jizhong, consultant to the Beijing Olympic Organizing Committee and president of the Beijing Olympic Economic Research Association, said that the Beijing Olympics will have an impact on China's economic development, but economic development will never be driven by the Olympics. As far as Beijing is concerned, according to statistics from the Beijing Municipal Bureau of Statistics, Beijing’s GDP has grown at an average annual rate of 12% in the past seven years, and the Olympic Games’ contribution rate is only about 0.8%. As the first developing country in the world to host the Olympic Games, China is in the middle of industrialization and has strong economic development momentum. People believe that China is likely to take advantage of the Olympics to enter the fast lane of long-term high economic growth, just like South Korea. Although the post-Olympic economic effect is not enough to shake our country's economic system, once it occurs, coupled with the amplification of other economic situations, it will likely cause considerable fluctuations in our country's economy. Therefore, Beijing must take the following measures to minimize the "post-Olympic effect": rationally set up competition venues and improve their post-game utilization; rationally control investment demand and seek new economic support for pillar industries; prevent assets Price bubbles will expand the negative effects on the post-Olympic economy; to rationally adjust the post-Games economy, we must make full use of the combined effects of fiscal policy and monetary policy. Because of the "Chinese characteristics" of the Olympic Games, people have full confidence in Beijing's reduction of post-Olympic effects, and have already made preparations for a rainy day. Photo courtesy of Getty Images Beijing is preparing for the post-Olympic effects. Beijing has fully considered commercial development in the early stage of Olympic planning, and comprehensively utilized hotels, exhibitions, conferences, offices and other venues; the venues focus on functionality, keeping them as simple as possible and building more. Mobile, reusable, and refittable venues; the planning and layout of Olympic venues are combined with improved urban functions to meet the needs of daily life in the city after the games; and the Olympic Village will be transformed into a high-end residential area after the games. Under the guidance of pragmatic and frugal ideas, and against the background of China's economy and the improvement of Beijing's city, the Beijing Olympics planning does not seek to shock the world, but to develop the city. I believe Beijing will be able to avoid the post-Olympic effects.