Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
Coronavirus China Infection Statistics Analysis, Probability Forecasts 1/2 Million Infected - 21st Feb 20
Is Crude Oil Firmly on the Upswing Now? - 20th Feb 20
What Can Stop the Stocks Bull – Or At Least, Make It Pause? - 20th Feb 20
Trump and Economic News That Drive Gold, Not Just Coronavirus - 20th Feb 20
Coronavirus COVID19 UK Infection Prevention, Boosting Immune Systems, Birmingham, Sheffield - 20th Feb 20
Silver’s Valuable Insights Into the Upcoming PMs Rally - 20th Feb 20
Coronavirus Coming Storm Act Now to Protect Yourselves and Family to Survive COVID-19 Pandemic - 19th Feb 20
Future Silver Prices Will Shock People, and They’ll Kick Themselves for Not Buying Under $20… - 19th Feb 20
What Alexis Kennedy Learned from Launching Cultist Simulator - 19th Feb 20
Stock Market Potential Short-term top - 18th Feb 20
Coronavirus Fourth Turning - No One Gets Out Of Here Alive! - 18th Feb 20
The Stocks Hit Worst From the Coronavirus - 18th Feb 20
Tips on Pest Control: How to Prevent Pests and Rodents - 18th Feb 20
Buying a Custom Built Gaming PC From Overclockers.co.uk - 1. Delivery and Unboxing - 17th Feb 20
BAIDU (BIDU) Illustrates Why You Should NOT Invest in Chinese Stocks - 17th Feb 20
Financial Markets News Report: February 17, 2020 - February 21, 2020 - 17th Feb 20
NVIDIA (NVDA) GPU King For AI Mega-trend Tech Stocks Investing 2020 - 17th Feb 20
Stock Market Bubble - No One Gets Out Of Here Alive! - 17th Feb 20
British Pound GBP Trend Forecast 2020 - 16th Feb 20
SAMSUNG AI Mega-trend Tech Stocks Investing 2020 - 16th Feb 20
Ignore the Polls, the Markets Have Already Told You Who Wins in 2020 - 16th Feb 20
UK Coronavirus COVID-19 Pandemic WARNING! Sheffield, Manchester, Birmingham Outbreaks Probable - 16th Feb 20
iShares Nasdaq Biotechnology ETF IBB AI Mega-trend Tech Stocks Investing 2020 - 15th Feb 20
Gold Stocks Still Stalled - 15th Feb 20
Is The Technology Stocks Sector Setting Up For A Crash? - 15th Feb 20
UK Calm Before Corona Virus Storm - Infections Forecast into End March 2020 - 15th Feb 20
The Growing Weaponization of Space - 14th Feb 20
Will the 2020s Be Good or Bad for the Gold Market? - 14th Feb 20
Predictive Modeling Suggests Gold Price Will Break Above $1650 Within 15~30 Days - 14th Feb 20
UK Coronavirus COVID-19 Infections and Deaths Trend Forecast 2020 - 14th Feb 20
Coronavirus, Powell and Gold - 14th Feb 20
How the Corona Virus is Affecting Global Stock Markets - 14th Feb 20
British Pound GBP Trend and Elliott Wave Analysis - 13th Feb 20
Owning and Driving a Land Rover Discovery Sport in 2020 - 2 YEAR Review - 13th Feb 20
Shipping Rates Plunge, Commodities and Stocks May Follow - 13th Feb 20
Powell says Fed will aggressively use QE to fight next recession - 13th Feb 20
PALLADIUM - THIS Is What a Run on the Bank for Precious Metals Looks Like… - 13th Feb 20
Bitcoin: "Is it too late to get in?" Get Answers Now - 13th Feb 20
China Coronavirus Infections Soar by 1/3rd to 60,000, Deaths Jump to 1,367 - 13th Feb 20
Crude Oil Price Action – Like a Coiled Spring Already? - 13th Feb 20
China Under Reporting Coronavirus COVID-19 Infections, Africa and South America Hidden Outbreaks - 12th Feb 20
Will USD X Decline About to Trigger Precious Metals Rally - 12th Feb 20
Copper Market is a Coiled Spring - 12th Feb 20
Dow Theory Stock Market Warning from the Utilities Index - 12th Feb 20
How to Get Virgin Media Engineers to FIX Hub 3.0 Problems and NOT BS Customers - 12th Feb 20
China Under Reporting Coronavirus COVID-19 Infections by 66% Due to Capacity Constraints - 12th Feb 20
Is Coronavirus the Black Swan That Takes Gold To-Da-Moon? - 12th Feb 20
Stock Market 2020 – A Close Look At What To Expect - 12th Feb 20
IBM AI Mega-trend Tech Stocks Investing 2020 - 11th Feb 20
The US Dollar’s Subtle Message for Gold - 11th Feb 20
What All To Do Before Opening A Bank Account For Your Business - 11th Feb 20
How and When to Enter Day Trades & Swing Trade For Maximum Gains - 11th Feb 20
The Great Stock Market Dichotomy - 11th Feb 20
Stock Market Sector Rotation Should Peak Within 60+ Days – Part II - 11th Feb 20
CoronaVirus Pandemic Stocks Bear Market Risk 2020? - Video - 11th Feb 20

Market Oracle FREE Newsletter

Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

China, Beijing's Pollution Alarms Neighbors

Politics / Environmental Issues Feb 14, 2013 - 01:43 PM GMT

By: OilPrice_Com

Politics

The good news for the Chinese leadership is that their fiscal policies have paid off, producing both the world's second largest economy and the globe's leading creditor nation in less than a generation.

The less good news is that the country's hell-bent drive towards industrialization has brought in its train a host of collateral problems, not the least of which is pollution. Last month Beijing's air pollution soared past levels considered hazardous by the World Health Organization.


Prior to that, the government often played down the pollution in Beijing, insisting it was merely fog, despite evidence to the contrary that was plain for all to see. Earlier this year, following public pressure resulting from hourly air-quality readings first published in 2011 by the U.S. embassy in Beijing, which Chinese authorities had previously denounced as "foreign interference," the municipal officials took notice. On 12 January the air-quality monitor operated by the U.S. embassy in Beijing recorded a Particulate Matter PM 2.5 level of 886 micrograms a cubic meter, nearly 35 times what the World Health Organization considers safe.

How bad?

On 5 February flights were grounded as visibility fell to around 200 meters across Beijing. Last month Beijing's Jiangong Hospital recorded a 30 percent spike in cases involving respiratory problems and the hospital's Emergency Department chief Cui Qifeng noted, "People tend to catch colds or suffer from lung infections during the days with heavily polluted air."

According to a Chinese Academy of Engineering specialist in respiratory diseases, speaking about Beijing's current pollution levels, "It (the pollution) is more frightening than SARS (severe acute respiratory syndrome). For SARS, you can consider quarantine and other means. But no one can escape from the air pollution and indoor pollution." The six-month SARS epidemic in 2003 killed 775 people in 25 countries.

Causes?

Beijing alone now has five million cars choking the streets, spewing their exhaust into the air. More importantly, the nation's pollution problems are caused by China developing at a speed and scale unprecedented in history, which has produced widespread environmental degradation that the central authorities have been slow to acknowledge. Aside from vehicle exhaust, thermal energy plants utilizing the nation's poor grade coal power the country's factories, providing the heat for hundreds of millions of homes even as they belch toxins into the atmosphere.

And the toxic air threatens to become an international issue as well. Drifting across the Sea of Japan, the smog is now impacting parts of Japan, with the Japanese Ministry of the Environment's website on 5 February being overloaded. One ministry official, speaking on condition of anonymity said, "Access to our air-pollution monitoring system has been almost impossible since last week, and the telephone here has been constantly ringing because worried people keep asking us about the impact on health."

While the Japanese government remained discreet about air quality issues, Ministry of the Environment official Yasushi Nakajima was more blunt, stating, "We can't deny there is an impact from pollution in China." According to National Institute for Environmental Studies researcher Atsushi Shimizu, the prevailing winds from the west carry air pollution over western Japan. The pollution from China has exceeded government limits for particulate matter, which government concern focusing on particles 2.5 micrometers or less in diameter, whose concentration has been reported as high as 50 micrograms per cubic meter of air in northern Kyushu. The Japanese government limit is 35 micrograms.

Solutions?

Responding to the recent crisis, Beijing's city government ordered 103 heavily polluting factories to suspend production and told government departments and state-owned enterprises to reduce their use of cars by a third.

More immediately, on 6 Feb. the Chinese government issued a timetable for its program to upgrade fuel quality, aiming to implement a strict standard nationwide by 2017, upgrading its standard V for automobile petrol, with sulfur content within 10 parts per million before the end of the year.

But the country's long term solutions will not be inexpensive – reducing the use of coal, forcing cars to use efficient pollution exhaust equipment, and developing mass transit options to reduce the country's rising love affair with the automobile.

China now has the wealth to implement such solutions –whether the political will is there is quite another matter. Should authorities not act, then they'd better ramp up the country's health insurance policies, as undoubtedly more and more workers will be reporting sick days.

Source: http://oilprice.com/The-Environment/Global-Warming/Chinas-Smog-Becoming-an-International-Issue.html

By Oilprice.com Analysts.

This report is part of Oilprice.com's premium publication Oil & Energy Insider . Oil & Energy Insider gives subscribers an information advantage when investing, trading or doing business in the energy sectors. Successful investors, hedge funds and senior executives, have access to high level intelligence and power in ways that you, as an individual investor, are locked out of (the game is and never has been fair.) Let us help you level the playing field by using our network of traders, intelligence assets and high level partnerships to ensure you are making the right investment decisions.

To find out more on how you can get a legal inside advantage in the energy markets please take a moment to visit: http://oilprice.com/premium

© 2013 Copyright OilPrice.com- All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

OilPrice.com Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules