Sunday, June 18, 2006

The Dirty Secret of China's Economy (article)

BusinessWeek reports: "Yes, China is a remarkable growth story. But it is also fast becoming an ecological wasteland, home to world-class smog, acid rain, polluted rivers and lakes, and deforestation. Environmental problems play a role in the death of some 300,000 Chinese people each year, according to World Bank estimates."

China is an amazing economic growth story, but has the prosperity come at the cost of their people and the environment. The current population of China is about 1.3 billion people, with an increasing percentage of those people moving from poverty to prosperity. With that prosperity comes increased demand from the middle class for raw material, resources, etc...
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