Clearing China’s smoggy skies could clear profits for U.S. companies in the pollution control business — if the communist nation is serious about fixing its air quality nightmare and encourages foreign companies to market their solutions.
China’s pollution problems are well-documented. As its urban population skyrockets (more than a half a million people moved into Beijing in 2012 alone, increasing the population to 20.69 million) and energy consumption increases (an 84-percent increase from 2011), its air quality degrades.
The Chinese government recently unveiled its Action Plan for Air Pollution Control (2013–2017), which will dedicate 1.7 trillion yuan ($277.7 billion) toward pollution control over the next five years. This commitment by the government to exert some air pollution control measures has created an opportunity for U.S. companies in the industry to gain a slice of the Chinese pollution-control market. Read more