As the opening ceremony of the 2008 Beijing Olympics is less than 2 years, China is tightening its purse-strings in the face of ever mounting preparation costs.
Beijing Organizing Committee for the 2008 Olympic Games or BOCOG held a seminar on Monday to further emphasize the principle of "frugal Olympics", set by the central government. The committee's executive vice-president, Liu Jingming, said his organization will invite experts to look through the operational budgets for the Olympic games in order to save investment and prevent corruption. 2007 will be a crucial year for event preparations. The opening and closing ceremonies are in the works, and planning for the torch relay is also taking place. 28 Olympic test events are also scheduled, starting next summer.