The wrestling of athletes in the Olympic Games in Paris continues, but we already have an unquestionably winner. As with the last European football championship, Chinese companies are besides winning this time. Depending on the source, the share of mascots and souvenirs "Made in China" among all Olympic gadgets presently sold in France is 85 to 92 percent.
The Paris 2024 Olympic mascot costs an average of 39 euros. The cost of producing this mascot in China, depending on the size and materials used, ranges from 5 to 13 euros. This price shall take into account the licensing costs to be borne by the manufacturer, as well as the margins and commissions of all companies active in the procurement and production of these toys.
Table tennis competitions in Paris are played on tables produced in China. These tables are equipped with a peculiar lighting strategy that can be controlled by smartphone or dedicated distant control. These tables were designed at the same time so that Paralympics in wheelchairs could approach their edges without hindrance, entering deep under the table itself.
In Paris, athletes fight for medals by playing with Chinese balls, Chinese rockets, raising barbells produced in China, racing for bicycles whose frames were produced in a Chinese company utilizing ultralight and super-strong nanocarbons of the aviation class. During the competition, the results achieved by athletes are presented on screens produced in China, judges usage the most modern equipment (chip balls, laser rangefinders, drones, cameras, time gauges, etc.)...
China besides comes from fireworks and another pyrotechnic materials utilized during and around the competitions.
Does specified a large share of suppliers from China worry the organizers of the event? Nope. Organizers anticipate large savings and large profits. The budget of this Olympics (US$9.7 billion) is lower than those in Rio de Janeiro (US$14 billion) or Beijing (US$20 billion). The experience of the organizers of the Games played in the past says that the planned budgets can be exceeded here by up to 300%. The French estimation that their underestimation will not exceed 25 percent. The Olympics in Paris can so become 1 of the cheapest held in the 21st century.
This is mostly due to Chinese suppliers.
P.S. In the photo, the youngest athlete in the Chinese Olympic squad – Zheng Haohao, 11 years old
Based on:
- papers.ssrn.com;
- 163.com;
- news.southcn.com;
- edition.cnn.com
- CNBC.com;
Author: 梁安基 Andrzej Z. Liang, 上海 Shanghai, 中国 China
Email: [email protected]
Editorial: Leszek B.
Email: [email protected]
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