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Beijing Olympics made 1.1b yuan profit

THE 2008 Beijing Olympic Games generated a profit of 1.1 billion yuan (US$161 million), according to an audit by the National Bureau of Statistics and Beijing City Statistics Bureau.

By March 15 last year, the Games, held from August 8 to 24 in 2008, reported a direct income of 21.3 billion yuan with expenditure of 20.2 billion yuan - leading to a profit of 1.1 billion yuan, China National Radio reported today.

The Games also boosted Beijing's sports industry by 15.4 billion yuan from the year previously, or a growth rate of 75.8 percent. This accounted for a record high of 1.39 percent in the city's annual GDP growth.

In the Olympic year, the city's sports industry issued pay for 102,000 people and generated an income of 58 billion yuan, an increase of 7.4 percent and 67.4 percent respectively year on year.


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