For the first time ever, this December the municipal government of Beijing issued not one, but two pollution red alerts in the city. A red alert, the most severe air pollution warning, means that there are restrictions on car use, some factories have to halt production, construction work is stopped and in some cases, schools have to be closed. Obviously things have reached a tipping point forcing the authorities to institute tough measures to curb pollution. But how much does pollution cost China? Also, when the government tries to ensure blue skies, what does it lose in terms of output lost? We bring you the lowdown.
The key takeaways from the 2015 Lianghui, the two annual meetings that set the agenda for the Chinese economy.
You are invited to download the March 2014 issue of CKGSB Magazine. You’ll enjoy articles and interviews like: COVER STORY The Money Matrix: As Chinese consumers show an increasing preference for easy-to-use internet finance, what will happen to traditional banks? SNAPSHOT: China’s Crushing Debt: How serious is China’s local debt problem? A look at the ticking time bomb. […]