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Foreign firms seek business opportunities at Olympics

(CRIENGLISH.com)
Updated: 2007-04-05 13:46

Foreign enterprises are seeking business opportunities by teaming up with the 2008 Beijing Olympics.

The United Parcel Service Incorporated has been named by the Beijing Organizing Committee for the Olympic Games (BOCOG) as a sponsor of the event. It will provide logistics and express delivery services for the 2008 Beijing Olympic Games.

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As a worldwide partner of the Olympic Games, the General Electric Company has also signed a partnership agreement with BOCOG and is a sponsor of the Chinese Olympic Committee. It will provide a wide range of products and services, including energy power generation and distribution systems.

EF Group, an education company headquartered in Switzerland, has been selected as the official language training supplier of the 2008 Beijing Olympic Games.

World express delivery giant FedEx has signed an agreement with the Chinese Badminton Association to become the official sponsor of the national team from 2006 to 2008.

Businesses engaged with the Beijing Olympic Games are expected to generate production value of 1.5 trillion yuan. An increasing number of both domestic and foreign enterprises will profit from taking part in the international event.