Tuesday, March 31, 2015

Roubini Warns about high pollution levels in Chinese cities

When you drive around the city of Beijing, you can see people on the street wearing surgical masks, or with scarves covering their nose and mouth to try to reduce the pollution they are forced to inhale.
The situation is so severe that the Chinese government continually monitors the count of particles in the air. On some days, when the particle count is particularly high, cars are banned from the city.
When the number rises above 100, it’s considered dangerous. When I was in Beijing, the readings were at 300.

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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