The Art of the Sell Side
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The Asian Development Bank offers $300m to cut coal use around the capital. They approved the loan to help clean up Beijeng's polluted air as it pledged to support China's efforts to cut coal use in and around the capital.
The readings rose to hazardous levels, forcing closure of factories and schools. The Hebei Province contributes much of the pollution in Beijeng and Tianjin; they account for 10% of China's economic output. Seven of China's 10 most polluted cities are in Hebei. The fundamental issue is Hebei's coal-based economy and industrial structure.
As China faces complex issues like air pollution, it is open to policy dialogue and inputs. Provincial boundary lines are one of the hurdles to cleaning up China's air, competing bureaucratic fiefs have concern for local jobs and economic growth that get in the way of regionwide response on smog-filled North China Plain.
Rules to come into effect next year will force emissions disclosure by thousands of factories, mills, and power plants. Current rules only require public disclosure by 3,000 of China's biggest polluters...(The Financial Times/China Accepts Loan to Battle Pollution, Tom Mitchell, Christian Shepherd, Lucy Horby-Beijeng/December 11, 2015).
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