Faustian bargain: Economic growth and the Environment

China City Pollution - Fewer than one per cent of the 500 largest cities in China meet the air-quality standards recommended by the World Health Organization. Seven are ranked among the 10 most-polluted cities in the world, according to a 2012 report by the Asian Development Bank.

Some interesting stats coming from a recent article in the Sydney Morning Herald.

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Fewer than one per cent of the 500 largest cities in China meet the air-quality standards recommended by the World Health Organization. Seven are ranked among the 10 most-polluted cities in the world, according to a 2012 report by the Asian Development Bank.

The Chines government and people made the Faustian bargain between economic growth and the environment for over 3 decades. This arrangement is now being questioned as the Chinese middle class are looking at growth not only from a quantity but also a quality perspective.

Why now? It hard for people to ignore the impact of the two statistics sited here.

Full article here.

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