Category Archives: Environment

China wakes up to its environmental catastrophe

Elizabeth Economy Bloomberg Businessweek At its worst, the “airpocalypse” that settled over Beijing and northern China in late February had a fine particulate matter reading 16 times the recommended upper limit, turning Beijing into a veritable smoking lounge. Satellite images, a click away on the Internet, showed a massive toxic haze. Farther south, cadmium-tainted rice has

Read More

Aluminum volatility snares Asian buyers

  Michael Sainsbury Manufacturers across Asia are being hit by surging aluminum prices, as smelter closures around the world and an overhang of more than 5 million tons of the metal stashed in warehouses continue to play havoc with the market. Unlike many other commodities, traded aluminum carries an inbuilt premium, which is expected to

Read More

The cars that are eating China

Michael Sainsbury Tianjin is the latest major Chinese city to issue guidelines to restrict new car sales. Political pressure is slowing mounting on Beijing over the environment with about one quarter of all protests being about environmental issues. Tianjin is the port that services Beijing and is home to more than 10 million people. The charming former

Read More

China’s economy no longer a growth story

Michael Sainsbury Beijing  In newspapers across the globe this morning and on websites yesterday China’s quarterly GDP and other monthly data were trawled through with the focus on the “shock” of slightly slower growth. There were “fears” about slower “recovery”, concerns about new “stimulus”, gold took its worst tumble for years and stockbrokers quaked in

Read More