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Article featured in Business Beijing, July 2004
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Reports of 2008 Olympic Funds “Inaccurate,” Newspaper Apologizes

2004/07/15

Zhang Haifeng, spokesperson for the Beijing Organizing Committee for the XXIX Games (BOCOG), said a June 24 news story suggesting that Beijing Olympic organizers had misused funds earmarked for Beijing's Games was factually "inaccurate."

 The story, originally carried by China Daily, was retracted by the national newspaper on page 2 of its June 25 edition.  The retraction, that stemmed from a mistaken translation in a broader finding of misused public funds, was greeted with relief by Olympic watchers worldwide.

 Zhang said, "The June 24 report in China Daily regarding the State General Administration of Sport's misuse of special funds for the Chinese Olympic Committee to build apartments for its staff does not have any relation to the use of BOCOG's funds; China Daily, in covering the news, made a mistake in translating the name of the institution referred to by China's Auditor-General Li Jinhua; [BOCOG] uses its funds in strict accordance with the regulations and rules set by the International Olympic Committee." China Daily apologized for "any inconvenience brought" to BOCOG and related parties.



 
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