» 03/28/2013, 00.00
Pollution costs China US$ 175 billion a year
The Ministry of Environmental Protection found that pollution costs, not to mention health-related costs, have risen faster than GDP growth. At present, the authorities are unable to cope with the situation, which might get out of hand.
China facing rising unemployment
Thousands of factories have closed or closing down. The government is paying laid-off workers benefits to prevent street protests; it is also investing in domestic services. Coal’s “hidden” cost is coming to light as banks face non-performing loans worth 1.27 trillion yuan.
End of the Pearl River industrial "miracle"
This part of Guangdong was the true engine of the Chinese economic miracle. But now there is a shortage of labour, which is being lured away by better salaries in other regions, and production costs are rising. The region is seeking to encourage development of cutting edge services and industries.
Rural-urban gap widening
Top 10 per cent owns almost half of all private assets. Urban incomes growing fast; rural areas get poorer as a result of land expropriation and soaring medical costs.
Pollution in China: Hundreds of children poisoned by lead
A factory in the eastern province of Anhui operated illegally for years a few feet away from homes. In 2010 they nine cases of lead pollution were officially recorded. The government is in trouble, as evidenced by the conviction of the activist who exposed the scandal of melamine-tainted milk.
China becomes top polluter ahead of United States
Dutch agency reports China’s carbon dioxide emissions higher than those of the United States. China dismisses estimate and insists it will not limit its economic growth. Experts say that irrespective of the data, any agreement to limit green house gases must involve every country.
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