You can bank on that. P.R.China is planning to shine bigtime in these Olympics.
I spent a week in Beijing 2-1/2 years ago and was amazed at the amount of construction going on there in preparation. Highrises going up everywhere.
As a guest of the Ministry of Construction I got the figures for the current 5 Year Plan; the amount of construction going on is simply unbelievable. Several years ago my industry was observing the retrofit of a million-square-foot federal building in San Francisco, but in the Chinese plan they're building the equivalent of 38,000 such buildings each year.