I’ve been talking to people about how much Shenzhen spent on the Universiade and the rumors are flying.
According to a report from the Expenditures Department, Shenzhen Municipality budgeted 17.39 亿元 (272 million USD according to my online currency converter), or roughly 36.4% of the 2010 expenditure budget. In 2011, there were two adjustments to the budget, bringing the official total spent on the universiade to 29.15 亿元 (457 million USD). So yes, I’m trying to imagine the “difficulties” that the center overcame to insure the smooth opening of the Universiade (克服各种困难,助力大运顺利召开), after which there were no more universiade expenditures. So how much is roughly 457 million USD? One answer is, Shenzhen spent 92% of the first quarter total trade between China and Cambodia (498 million USD) on a collegiate sporting event.
But it’s unclear what this money was actually spent on and whether or not, for example, they include infrastructure upgrades or just money spent on flower arrangements and strategically placed sculptures. Continue reading