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Olympics win no medals on Yabao Road

The Economist

Yabao Road in Beijing's embassy district is normally bustling. Russian traders scour its wholesale shops for furs and boots. Hawkers throng the pavements. The street is jammed with taxis and pedicabs. But the Olympic games are on. Yabao Road is now strangely quiet.

Only a few months ago many shopkeepers, restaurants and hotels were expecting these to be boom times as big-spending foreigners flocked in for the games.

Today many businessmen in and around the capital are disgruntled. So too are other citizens who find that even some outdoor food markets have been closed as part of an Olympic spruce-up.

This should be a busy season for Yabao Road, as Russians arrive to make ...

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