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January 10, 2012

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Shenzhen asked to reveal games spending in full

LAWMAKERS and political advisers in Shenzhen are seeking full disclosure of spending related to the World University Games held in the southern boomtown last year, following reports of big outlays and unpaid debts, the Southern Daily said yesterday.

Some local media reported last year that the games and related infrastructure projects cost the city more than 300 billion yuan (US$47.6 billion), a figure denied by the Shenzhen government.

The Southern Daily said a few Shenzhen political advisers and some local legislators were demanding the city government release full details of the expenditure.

They made the request after finding the Shenzhen government budget report, released at the annual session of the local parliamentary meeting over the weekend, did not include the expenditure details, the newspaper said.

"How much on earth has the World University Games cost taxpayers? How much state subsidy has it received?" the newspaper asked, citing unidentified political advisers.

The Chinese media has criticized the high cost of China's showcase sporting events such as the 2010 Asian Games in the southern city of Guangzhou and the 2008 Beijing Olympics - which cost US$34 billion, according to official statistics.

The National Aquatics Center in Beijing - nicknamed the Water Cube - is in financial difficulty, reporting a 11.3 million yuan loss last year.

Shenzhen reportedly rushed to complete five subway lines, costing 75 billion yuan, ahead of the August games, said the South China Morning Post.




 

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