An interesting story out of the AP today quotes a Chinese official comforting the world that the huge Chinese stimulus program will not be used for projects that are not environmentally sound. He claims several projects have already been rejected because of their negative environmental impact. Also, there is $30B US in the stimulus specifically for projects that help the environment.
The end of the article mentions some progress China has made in reducing pollution this year. The amount of sulfur dioxide, an air pollutant tied to acid rain, fell as did the amount of chemical oxygen, a measure of water pollution.
The amount of money the Chinese are spending on environmental clean-up is a huge opportunity for US firms. I've mentioned several times that environmental projects are a great fit for the US economy.
Also, one of my big problems with visiting China is seeing the pollution. It must get better, and I'm confident it will. Here's the article. Have a great weekend!
http://news.yahoo.com/s/ap/20090605/ap_on_re_as/as_china_environment_2
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