How China’s economy is choking on smog | Talking Numbers – Yahoo Finance
How China’s economy is choking on smog | Talking Numbers – Yahoo Finance:
Imagine your favorite city closed down because of the weather, maybe a blizzard… Many of China’s cities can have the same problem, but it is because of smog pollution.
This is a country that burns more coal than the rest of the world, combined.
Nice thing is that they share this pollution with their neighbors.
Plus the burning of coal is a gigantic producer of CO2 emissions.
At what point does this pollution start to curb the 7% economic growth that the company continues to experience? Certainly down from decades of more than 10% growth, but it is hard to grow with the traffic congestion and pollution slowing down ad periodically stopping the economy.
Things that are not sustainable, like rapid growth, have a way of producing their own remedy.