EXPLAINER: So why is Beijing holding another Olympics?

It comes down to money. Smaller countries in Europe won#39;t foot the bill, and taxpayers also have a say in many Western democracies. St Moritz, Switzerland, and Munich, Germany two areas with potentially strong bids for 2022 were rejected by the public in voter referendums.

from Moneycontrol Sports News https://ift.tt/GLeK1Pj