From the Chicago Tribune:
The Pearl River Delta was the incubator of China’s economic transformation, where special economic zones gave free markets a fighting chance against central government control.
With the rise of industrial development came some of the world’s worst air pollution. Now, for the first time, the smog stretching from the city of Guangzhou south to Hong Kong threatens the vigor of China’s fastest-growing economic region. Merrill Lynch‘s Hong Kong investment advisers are so worried that smoggy air is chasing jobs from downtown Hong Kong that they recently advised clients to snap up real estate in Singapore, where the air is clean…[Full Text]
[Image via Chicago Tribune]
