‘People just don’t care’: Glum mood hangs over Asian Games

HANGZHOU: China hopes to make a splash with the Asian Games, opening tomorrow, but nationwide excitement has been muted as the economy sputters and some locals question the cost of the sporting extravaganza.

But enthusiasm in Hangzhou and elsewhere in China is lacking, with some saying the new stadiums and other gleaming facilities reflect misplaced priorities. Organisers have not disclosed spending for the games, though the Hangzhou government has said it spent more than 200 billion yuan in the five years through 2020 on transport infrastructure, stadiums, accommodation and other facilities.

Still, in an indication of the subdued tone for the Asian Games, state media coverage until this week has been less comprehensive than before the 2022 Olympics – which were much smaller than these games and held under strict Covid restrictions. “The impression I have is that over the past year, the entire city has been under construction,” said 42-year-old city centre resident Wu Lili, an e-commerce business owner.

Source: Financial Digest (financialdigest.net)

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Pocket Rocketman’ Azizulhasni out of Asian GamesThe national track cycling ace says he is focused on the recovery process to prepare for the 2024 Paris Olympics.
Source: fmtoday - 🏆 5. / 72 Read more »

North Korea win on return to international stageThey beat Taiwan 2-0 in men’s football at the Asian Games today.
Source: fmtoday - 🏆 5. / 72 Read more »

Ten Asian eWallets including Touch ‘n Go eWallet support cross-border Alipay payments in China (VIDEO)KUALA LUMPUR, Sept 19 — Ahead of the 2022 Hangzhou Asian Games, Ant Group welcomes seven new Asian-based eWallet and payment apps to its cross-border mobile payment ecosystem in...
Source: malaymail - 🏆 1. / 86 Read more »

Asian markets drop ahead of Fed decision, oil prices push higherHONG KONG, Sept 19 — Asian stocks sank today following a sedate performance on Wall Street as investors nervously await the Federal Reserve’s policy decision later in the week,...
Source: malaymail - 🏆 1. / 86 Read more »

10 Asian eWallets including Touch ‘n Go eWallet support cross-border Alipay payments in ChinaAnt Group wants to help China internationalise mobile payments by supporting 10 Asian eWallets and payment apps including Touch 'n Go eWallet, OCBC, Changi Pay, Naver Pay, TossPay and TrueMoney. You can use your local wallet where Alipay is accepted in mainland China.
Source: Soya_Cincau - 🏆 16. / 55 Read more »

Asian stocks struggle as oil surge sets stage for hawkish FedBrent crude hit US$94.26 per barrel, up 30% in three months as Saudi Arabia and Russia extended supply cuts.
Source: fmtoday - 🏆 5. / 72 Read more »