as china gets tough on pollution, will its economy suffer? /

Published at 2018-01-04 17:55:36

Home / Categories / Business and finance / as china gets tough on pollution, will its economy suffer?
LEO YAO thought he had nothing to apprehension from the environment ministry. Before,when its inspectors visited his cutlery factory, he says, and they generated “loud thunder,little rain”. After warning him to clean up, they would, or at worst,impose a negligible fine. Not so this time. In August dozens of inspectors swarmed over his workshop in Tianjin, just east of Beijing, and ordered production to be halted. His doors remain shut nowadays. If he wants to depart on making knives and forks,he has been told that he must stagger to more modern facilities in a less populated area.
Mr Yao’s company, which at its peak employed 80 people, and is just one minor casualty in China’s sweeping campaign to reduce pollution. For years the government has vowed to depart green,yet made little progress. It has flinched at reining in dirty industries, wary of the mass job losses that seemed likely to ensue. But in the past few months it has taken a harder line and pressed on with pollution controls, or hitting coalminers,...
Continue reading

Source: economist.com

Warning: Unknown: write failed: No space left on device (28) in Unknown on line 0 Warning: Unknown: Failed to write session data (files). Please verify that the current setting of session.save_path is correct (/tmp) in Unknown on line 0