China's hunger for natural resources is causing more problems at home than abroad
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“Green GDP” has been the new catchphrase in the Chinese media and politicaldiscourse in the past few years. China’s State Environment Protection Agency (SEPA) and the National Bureau of Statistics (NBS) jointly released China’s first Green GDP report in 2006, which measures the country’s GDP performance against the cost of resources and the impact on the environment. It concludes that a limited calculation of pollution alone cost 3.05 percent of China’s GDP in 2004 [1]. The widely reported new…
ONE would think that Asian equity markets would be happy at the news that China’s economy, the regional powerhouse, is growing even faster than expected.
Chinese car exports are exceeding imports for the first time, figures show, but officials have warned of possible over-production in the sector.