Stock markets all over the world are having a really rough time. It’s been almost 5 years of growth in the markets, so it is not a great surprise. But the global economy is in for a rough ride.
The recent disaster in Tianjin has raised serious questions about environmental safety in China. There have been unsubstantiated reports of high levels of cyanide lingering around the site of the explosion and evidence of massive fish kills in surrounding waters. But there is little question that China must face its environmental protection issues more openly: according to Berkeley Earth, an NGO that has done extensive monitoring of China’s air pollution, breathing Beijing’s air is equivalent to smoking 40 cigarettes a day.
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