STORY HIGHLIGHTS


2022 Games to push economic reforms

CNC
Added On August 3, 2015

Beijing's successful bid for the 2022 Winter Olympics will bring more investment opportunities, create new impetus to curb air pollution and help push economic reforms, analysts say.

The Chinese capital, along with its partner city Zhangjiakou in Hebei Province, beat Kazakhstan's Almaty on Friday for its "focus on sustainability, legacy and transparency," according to the International Olympic Committee."By accelerating the construction of Olympic venues, local authorities will open up more sectors to private investment to boost development," Guan Qingyou, an economist at Minsheng Securities, said in a research note sent to the Global Times on Sunday.

Beijing will become the first city ever to stage both Summer and Winter Games.

The Games are expected to help upgrade the transportation network in the Beijing-Tianjin-Hebei region.

The Zhangjiakou airport, which opened in 2013, will be expanded in the near future thanks to the Games, to a capacity of 200,000 passengers every year.

The construction of the Beijing-Zhangjiakou high-speed rail service, an integral part of the government's Beijing-Tianjin-Hebei Intercity Rail Master Plan, will be completed by early 2019, the Xinhua News Agency reported Friday.