The document discusses China's reasons for bidding to host the 2008 Beijing Olympics and the impacts of hosting the Games. Key reasons for bidding included promoting China as developed/prosperous and expanding markets. Hosting brought new infrastructure, industry development, and post-Games benefits included economic regeneration and increased tourism. China accelerated growth after losing its 2000 bid and won the 2008 bid. The Beijing Olympic Action Plan focused on green, high-tech, people-centered Games. Major costs were infrastructure and hosting was expected to boost Beijing's economy long-term through industry and services.