December 12, 2015

HERE'S WHY CHINA WILL ACTUALLY REDUCE EMISSIONS:

The cost of pollution in China (Sophia Yan, December 8, 2015, CNN Money)

There's no question about it -- smog is taking a heavy toll on China, with many local companies taking a hit.

The World Bank estimates the total cost of air and water pollution is equivalent to 6% of Chinese GDP each year. That includes the impact on health, along with damage to natural resources, such as ruined crops from acid rain.

Tourism is one of the first sectors to feel the pinch when Beijing and other Chinese cities choke. Previous episodes have turned people away.

According to the China Tourism Academy, the number of overseas visitors to the country fell for three consecutive years through 2014. It blamed catastrophic air pollution.

Simple economic pressures.
Posted by at December 12, 2015 9:04 PM

  

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