Will Hosting The Olympic Games Be Good or Bad For China?

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Every time I look at foxnews.com, I see something else that seems to put a giant, heart-wrenching obstacle in China's way. Not too long ago, they had a devastating earthquake. Apparently, ticket sales aren't going to bring in as much as they have in previous years. And, tonight, I saw that there's a thick blanket of algae covering a third of the sea where sailors are supposed to be competing in just a month's time! It seems to me, China is losing here. They have to spend time and resources on cleaning up, rescue, etc. after the quake, ready the areas where athletes will be competing, and now some of their military (apparently) is busy attempting to clean up this horrid mess of algae that appears nearly hopeless. I have to wonder if they'll be able to come out on top when all this is over. I know that hosting the Olympics is generally regarded as a high honor, and that it brings some sense of prestige to whatever state/country is doing the hosting. But, in this case, is that potential temporary sense of prestige and honor worth it? I don't know. I guess I'm just worried about it, because it seems that China's going through so much right this very moment, I can't imagine how they might be able to make it through all of this. I know that if I were the leader/person in charge of Olympic affairs, I would seriously be considering a request for a rain check, just after the big quake. Of course, I don't even know if they'd have that option, this close to the games. In any event, do you think this situation will end up panning out as a good idea or a bad idea for China, at this time? * I sincerely hope it does work out as good. *