In July 25th, Iraq was officially declared eligible to cancel the Beijing Olympic Games.

On the afternoon of 25 July, Xu Zhihua, the director and deputy general manager of the PEAK group of the Chinese delegation, the NetEase finance and finance exclusive line, Xu said that PEAK was sorry, but the group suffered little economic losses.

In July 25th, only two weeks from the opening ceremony of the Beijing Olympic Games, Iraq decided that there was no chance of the Olympic Games.

Xu Zhihua, director and deputy general manager of PEAK group, China's sponsor, told NetEase finance that PEAK group also sponsored Cyprus delegation and 4000 Olympic volunteers besides Iraq.

Sponsoring Iraq is just a news point for their propaganda, which has caused little damage.

But Xu Zhihua did not disclose the specific amount of economic losses.

According to introduction, in August 10, 2007, PEAK group announced its sponsorship of the Iraqi delegation for the Beijing Olympic Games.

There are many successful examples for Chinese enterprises to sponsor other delegations. The most impressive impression is that Lining won the Argentina men's basketball team sponsored by the Athens Olympic Games in 2004. Lining has received very high attention.

It is reported that the Chinese sporting goods business sponsors other delegations: Hongxing Erke sponsors the delegation of North Korea, while Anta sponsors Lithuania delegation, Lu You sponsors Tajikistan Olympic delegation, XTEP sponsors Belarus delegation and so on.

Attachment: the other Chinese brand Lining who sponsored the overseas Olympic Legion: sponsored the Olympic team of Sweden and Spain, the Sultan national track and field team, and the Argentina national basketball team Hongxing Erke: sponsoring the Korean delegation and the Chinese weightlifting team Anta: sponsoring Lithuania Lu You: sponsoring Tajikistan XTEP: sponsoring Belarus