Balance of power
No matter how hard Beijing sports chiefs have tried to dampen the expectations of a medal rush, bookies and pundits the world over have tipped China to leapfrog the US into top spot.
Even one of the world's top accountancy firms, PricewaterhouseCoopers, has pitched into what has become a nail-biting, feverishly speculative debate about whether China has what it takes to surpass the world's sporting superpower.
Its recent survey suggests the home side should pip the mighty US team at the post, with China winning 88 medals to the Americans' 87.
'As the host nation in Beijing, and [with] an economy which has grown very strongly since 2004, our model projects a medal 'target' of 88 for China, which is much higher than its actual medal totals in Athens (63) or Sydney (59),' said John Hawksworth, the report's author.
Total medal hauls are a red herring, though, as the IOC's medal count prioritises gold tallies.
Several other surveys suggest the US will narrowly win and one says China will come third behind the US and Russia. To read too much into any of them would be unwise.