Following the spectacular closing ceremony of the 2008 Beijing Games, London has officially taken over as the next Olympic host city. Our London correspondent Li Ningjing has talked to some londoners to find out what the British people expect from the 2012 London Olympics.

"And congratulations to all our fantastic competitors in Beijing! You did us proud! And keep cheering, because here's to London 2012!"

With the Beijing Olympic party atmosphere still being felt across London, some 40,000 people packed the front of Buckingham Palace on Sunday to cheer and celebrate the closing ceremony. Now the question on everyone's lips is how will London present their Olympics in four years time?

At London's Trafalgar Square, Joseph Barnett says he expects the London Olympics will have a smaller budget. But after seeing the spectacular opening ceremony in Beijing, Barnett hopes London can also present something unique to open its games.

"I think it should show a lot of British history, but it shouldn't leave out how Britain is today. I think it should be very multi-cultural and forward looking, and modern."

Owen Salisbury also enjoyed the Beijing Games, but he says he's really looking forward to the London Games for other reasons.

"I think it'll make London a healthier place to be. It's healthy, there's already stuff like a congestion charge, and they are already introducing cycling, bikes and things like that to make it safer for people to get around."

As an Olympic fan, Mark Sullivan says he believes London can also put on a good show. Nonetheless, he still has a few concerns.

"There is a lot of financial wrangle at the moment but we'll see when it gets closer. I've seen the blueprints and stuff, but in reality, I'm a bit worried about the transport system, how people come and go - but that still has to be sorted out. Hopefully it will go well."

Facing a 9.3 billion pound budget, London 2012 bosses have decided to shift the focus from outdoing Beijing, and stress history, culture, humor and Britain's sporting heritage to mark the London Games. Here's Boris Johnson, the London mayor.

"When I say that we're all awed by the spectacle the Chinese have put on, but I think in the 8 minute segment, we saw some of the wit and ingenuity that Britain's gunna bring to our Olympics to make sure they are every bit as fantastic. I say this respectfully to our Chinese hosts who have excelled so magnificently in Ping Pong that Ping Pong was invented on the dinning tables of England in the 19th Century, and it was called Wiff Whaff and I say to the world, Ping Pong is coming home."

So for the London 2012 Olympics, the tone is set. It should be a dynamic and fun Olympics.

Li Ningjing, CRI news, London.