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Article

16 Jun 2006

Author:
Brian Bremner, Business Week

The Dirty Secret of China's Economy

China is a remarkable growth story. But it is also fast becoming an ecological wasteland...Environmental problems play a role in the death of some 300,000 Chinese people each year, according to World Bank estimates...Some 20% of the population lives in "severely polluted" areas, according to SEPA [State Environmental Protection Administration] estimates...China agreed to expand a...program...to expose the worst industrial polluters by publicly disclosing...on factory emissions, and by ranking companies on their environmental performance...Beijing...calls for hiking reliance on natural gas...to 10% by 2020...Royal Dutch Shell Group (RD) is licensing technology to fertilizer plants that converts coal into synthetic gas, which burns more efficiently. General Electric (GE) is making a killing selling gas turbines. And both GE and Veolia...will harness the methane gas produced from...the huge amounts of gas that escape from China's coal mines. [also refers to Shougang]