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The 2008 Olympic emblem-"Dancing Beijing"-represents both a dancing person and the Chinese character for Beijing. You can see the Dancing Beijing Olympic emblem in the photo above. It is meant to represent China's spirit, commitment to Olympic ideals, and invitation to the world. You can read more about the meaning of the Dancing Beijing Olympic emblem here.
The 2008 Olympic mascots-"Fuwa"-are particularly endearing: Beibei, Jingjing, Huanhuan, Yingying and Nini. There is much symbolism in these characters, beginning with the fact that the first syllables of their names say "Welcome to Beijing" or "Beijing welcomes you." You can read the fascinating story behind the Fuwa here and here.