Should be 1pm Sydney time then.
To put the Olympics in perspective:
http://us.ft.com/ftgateway/superpage.ft?news_id=fto081820081022086034
"Beijing's investment of some $40bn in infrastructure to host the games may be unsurpassed - but this figure amounts to a tiny fraction of China's fixed asset investment," she says. "With the government planning to spend Rmb3,800bn ($554bn) on transportation infrastructure and Rmb1,000bn on power grid projects during the current five-year plan (2006-2010), China's infrastructure spending could even accelerate after the Games."
Google Jing Ulrich - she has done some interesting interviews and made some interesting commentary on China.
chinese gdp, page-17
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