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Ramping up its export juggernaut and taking full advantage of WTO entry, China’s economy in the first decade of the new millennium was “boom with no bust.” The information revolution fed more growth, as hundreds of millions of Chinese came online. But the Internet also became a forum for discontent, and the new leadership team of Hu Jintao and Wen Jiabao acknowledged growing environmental and social justice concerns with their call for a more harmonious society. Then, as the credit crisis in the US spread into a global economic crisis, China’s export-dependent growth appeared in jeopardy, and fears of a Chinese crash surfaced. But, as in 1998, China weathered the storm, and emerged in 2010 as the world’s largest exporter, largest foreign creditor, and fastest growing major economy, poised to soon surpass Japan and eventually eclipse the United States as the biggest economy on the planet.

The Olympics Was a Strange, Surreal Nightmare

Period: Overdrive (2000s)

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Videosinthisperiod

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  • WTO Was a Tool to Accelerate China's Growth

    Charlene Barshefsky

  • 2001 Marked a Change in China's Quality of Growth

    Trevor Houser

  • The Export Boom was Due to Dollar's Depreciation

    Brad Setser

  • The CCP Retains Strong Influence over the Economy

    Susan Shirk

  • Change in Leadership Causes a Change in Policy

    Li Cheng

  • China Needs to Bring The Environment Back in Sync

    Elizabeth Economy

  • This is a Great Moment Given All of That Legacy

    Robert Oxnam

  • The Olympics Was a Strange, Surreal Nightmare

    Ai Weiwei

  • The Internet Facilitates Social Mobility

    Michael Anti

  • China Needs to Innovate

    Isaac Mao

  • Listen to Outside Voices

    Rose Luqiu

  • Nobody Trusts The Chinese Government

    Mao Yushi

  • Olympic Epiphany

    Cai Guoqiang

  • Internet and Mobile Helped The Boom of Information

    Bruno Wu

  • A Blind Man Riding on The Back of Blind Tigers

    Jack Ma

  • China Has a Big Employment Problem

    Thomas Rawski

  • China's Reserves are Worthless Because They Can't Use Them

    Carl E. Walter

  • Chinese Companies React Faster

    Edward Tse

  • Generation Gaps

    David Zhang

  • It’s Not Just About Economics

    Frank Hawke

  • The Early Days of China’s Internet

    Chen Qi

  • No Dispensation from The Laws of Economics

    Stephen Roach

  • US-China Symbiosis Fed the Boom

    Federico Rampini

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Meettheexpert

Ai Weiwei

Artist

Ai Weiwei, born in 1957, is the designer of Beijing National Stadium (colloquially known as the Bird's Nest) and an outspoken advocate of political reform in China. Ai regularly speaks out against the one-party state and the lack of political reform in China. During the Cultural Revolution, his family was sent to Xinjiang. Ai returned to Beijing in 1976, and founded the avant garde art group "Stars" in 1978, which disbanded in 1983. Ai spent time in New York City, from 1981-1993, at the Parsons School of Design. In 1993, Ai returned to Beijing to be with his ailing father. He helped to establish Beijing's "East Village" and put together a series of books on China's underground art movements: the Black Cover Book, White Cover Book, and Grey Cover Book. Ai is currently working on a project to find the names all the people who lost their lives in the 2008 Sichuan earthquake.  

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I feel that on this issue, I am practically a genius. I immediately felt, as soon as I finished designing that crappy Bird's Nest, that it would become the site for a very disgusting event. It was instinctive, because I didn't know for sure that it would happen this way, nor did I wish for it. But as it turned out, my instinct was correct. It was even more disgusting than I'd imagined. I think today most people can understand my actions then, which at the time seemed very strange. They would ask, "What's wrong with this guy?"

Of course, I'm talking about Chinese people. Because everyone who experienced the Olympics in Beijing, when they think back to it today, would agree that it's nothing but a nightmare. It's an extremely strange and surreal nightmare. It didn't, even nearly, have the effect that it should have had, because it wasn't a product of a democratic society. It did not lend any productive or creative power to social reform or democracy, it was merely used as a PR tool by a very corrupt political power.

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Cite this Source >>
“The Olympics Was a Strange, Surreal Nightmare | Ai Weiwei | Overdrive | The China Boom Project.”
The China Boom Project.
The Asia Society Center on US-China Relations.
1 June 2010.
Web.
10 May 2025.
<https://chinaboom.asiasociety.org/period/overdrive/0/155>.
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