Deputies seek answers on Asian Games budget
People's Congress deputies in Guangzhou have urged the city to explain how the budget for last year's Asian Games went from 2 billion yuan (HK$2.36 billion)to 120 billion yuan. (Unofficial estimates put the costs at more than 250 billion).
The call came during the annual meeting of the city's legislature this week.
Members said the Games budget was excessive. It amounted to roughly five times South Africa's expenditure on the soccer World Cup.
The Guangzhou Daily yesterday quoted the widely respected flu expert Dr Zhong Nanshan as saying that Guangzhou was heavily in debt after the Asian Games.
Zhong, who is also a deputy of the city's congress, said: 'From my research, the total investment in the Asian Games should be 257 billion yuan. Of which, Guangzhou has promised more than 195 billion yuan and landed a heavy debt.
'With such a heavy debt ahead, where will the city find the money to improve people's livelihoods?'