Beijing 2022 Winter Olympics Economy | By Dr. Mehmood-ul-Hassan Khan

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Beijing 2022 Winter Olympics Economy

Chinese President Xi Jinping attended the opening ceremony of the Beijing Winter Olympics (BWO) and declared the games open yesterday at the National Stadium.

Prime Minister Imran Khan, Russian President Putin and Kazakh President Tokayev also attended the opening ceremony and showed their solidarity with China and its sports diplomacy.

It was indeed a moral victory for China and its policy makers over the exaggerated shouting and shouting of the Western media over the so-called wild spread of the virus in China and the exploitation of natural resources for BWO.

It was also the political and diplomatic success of China and its visionary leader Xi who managed to hold BWO despite boycotts from various countries including the US, Canada, UK, etc.

President Xi delivered a video address at the opening ceremony of the 139th session of the International Olympic Committee (IOC), warmly welcoming IOC President Thomas Bach and other IOC members gathered in Beijing, the first city in the world to host both the Summer and Winter Olympics.

During the opening ceremony, President Xi called the pandemic a new period of turbulence and transformation with multiple challenges.

He thanked the IOC for its active contribution to the development of sport in China over the past years and for its strong support and guidance for China’s bid and preparations for the 2022 Winter Olympics in Beijing.

President Xi showcased China’s tremendous socio-economic development by saying that from “One World, One Dream” in 2008 to “Together for a Shared Future” in 2022, China has taken an active part in the Olympic Movement and constantly defended the Olympic spirit. .

China is committed to pursuing the Olympic ideal with concrete actions. President Xi promised to deliver “rational, safe and splendid” World Games, while trying to achieve “faster, higher, stronger together”.

The Beijing Winter Olympics (BWOG) was held at a special time when the world is facing many interrelated changes and challenges due to a deadly pandemic in the world.

However, the BWOG’s theme, “Together for a shared future”, clearly reflects that China strongly believes in universal cooperation, unity, shared prosperity, community development, equal and fair world, dialogue, diplomacy and commitment that further demonstrated his holistic spirits towards humanity, peace and harmony.

Chinese athletes like China’s first Winter Olympics medalist Ye Qiaobo, China’s first Winter Olympics gold medalist Yang Yang and Wang Meng, the Chinese speed skater who won three gold medals in 2010 in Vancouver, also participated in the opening ceremony and are among the leading candidates.

Interestingly, a new and innovative method was used to light the cauldron which “has not appeared in the more than 100 year history of the modern Olympic Games.

It clearly reflected the concept of low-carbon environmental protection. The idea was backed by the Organizing Committee for the 2022 Winter Olympics and the IOC.

Unlike the four-hour ceremony with 15,000 performers used in 2008, the 2022 Winter Olympics Opening Ceremony relied on high technology instead of the previous “huge crowd” strategy and lasted less than 100 minutes and involved around 3,000 performers.

Interestingly, the BWOGs had achieved 98% of their sustainability commitments by September 30, 2021, with carbon emissions during the Games set to be fully neutralized, debunking the increased Western media hype about the environmental costs of the event. and the alleged difficulty in verifying commitments.

BWOGs not only carry special weight in showcasing China’s green commitments, as the international society has prioritized peak carbon and neutrality as development goals, but would lead to greener sporting events.

According to the report, titled “Sustainable Development (Pre-Competition),” China achieved significant results on its commitment to sustainable development, including all stadiums achieving green architecture standards, and average PM2 concentration .5 in Beijing in 2022 will be 45%. lower than in 2012.

The report describes China’s enduring commitments, its plans being implemented and the latest developments in areas such as ecological protection, regional development and social progress.

“The BWO has strictly enforced low-carbon management. All four ice stadiums for the Games use new types of carbon dioxide refrigerants, and all stadiums will run entirely on green electricity.

It is estimated that 400 million kilowatt hours of green electricity will be consumed at the Olympic venues in Beijing.

This is equivalent to reducing the burning of 128,000 tonnes of standard coal and reducing emissions by 320,000 tonnes of carbon dioxide.

China is also rolling out a low-carbon transport system, in which energy-efficient and clean-energy vehicles account for more than 80% of vehicles used during the Games.

By using carbon dioxide to make ice for the entire process, it produces almost zero carbon emissions and improves energy efficiency by more than 20% compared to conventional ice-making systems, previously learned. the Global Times with site staff.

It appears that Beijing organized and coordinated the whole process to ensure prompt delivery of its green goals, a model that could serve as a benchmark for other sports gala hosts in the post-Olympic era.

It has a long-term sustainable strategic plan that details 119 measures on three fronts: positive impact on the environment, new regional development and better living.

While some Western critics questioned an artificial snow system, which they described as a waste of water resources, officials pointed out that all international games use artificial snow to ensure snow quality and that the actual use of water to produce snow is limited.

On the contrary, water consumption for making snow is 1.6% of local water consumption in Yanqing District, and in Chongli District of Zhangjiakou, the ratio is 9.8%,” and such consumption would not affect regional water security or the environment.

In conclusion, the Beijing Winter Olympics generated 600,000 new jobs in Beijing, Tianjin and the Hebei region in the sports, culture and tourism sectors.

Stocks in the digital yuan, hydrogen power, 5G, ice and snow industry and other related subsectors were favored by capital markets.

It would further boost Beijing’s GDP by up to 5% through 2025. It would further boost footwear, ice sports and clothing up to 598.9 billion yuan through 2025 and with 15 billion yuan in ski equipment in 2022.

The Chinese government has invested $1.51 billion in hardware equipment, food and beverages and other areas. Around 3,000 hydrogen buses have been deployed in the competition areas, which will reduce 35,400 tons of CO2, which is a significant achievement.

In addition, for the first time in the history of the Olympics, it was completely powered by green energy and full artificial intelligence operated in all areas.

Humanity is suffering from a deadly pandemic and the so-called civilized world of the West is engaging in horrible discrimination even in the easy and regular supply of vaccines, especially to developing countries.

China’s global vaccine campaign is the hope of last resort, and the successful inauguration of BWO is a sign of hope, unity and equality in the world.

—The author is Director, Geopolitics/Economics, Regional Expert, China, CPEC and BRI, Member of the Expert Council. The Center for South Asian and International Studies, Islamabad.

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