The deadly price of China's miracle

What is the price of economic growth? Death?

Hundreds of millions of people are being made ill every year or dying prematurely from pollution caused by China's breakneck economic growth, a leading economic thinktank has concluded following an 18-month investigation. The OECD study, prepared at China's request, draws on work by the government, World Bank and Chinese Academy of Sciences to spell out the scale of the ecological crisis now engulfing the country, poisoning its people and holding it back economically.

It says up to 300 million people are drinking contaminated water every day, and 190 million are suffering from water related illnesses each year. If air pollution is not controlled, it says, there will be 600,000 premature deaths in urban areas and 20m cases of respiratory illness a year within 15 years.
China's water quality gives the researchers greatest concern. One third of the length of all China's rivers are now "highly polluted" as are 75% of its major lakes and 25% of all its coastal waters. Nearly 30,000 children die from diarrhoea due to polluted water each year
Although China is the world's fourth largest economy, growing 10% a year and closing rapidly on the US, Japan and Germany, its environmental standards are often closer to those in some of the poorest countries in the world, says the report. More than 17,000 towns have no sewage works at all and the human waste from nearly one billion people is barely collected or treated. Nearly 70% of the rural population has no access to safe sanitation.

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Analysis: Behind China's smokescreen on climate change

The Chinese government's irresponsible stance toward mitigating climate change, based on its developing country status, is increasingly untenable. China is the world's fourth largest economy and, according to a new report, is now the top emitter of carbon dioxide, the main greenhouse gas heating up the planet.

Global warming is an unintended consequence of the global trading system. Now is not the time for finger pointing between the developed and developing worlds: CO2 and other gases are nearing cumulative crisis levels. Culpability for shifting polluting industries from rich to poor countries goes to both sides, and demonstrates that a favorable investment environment does not promise investment favorable to the environment.

China continues to be both a beneficiary of globalization, with capital and technology inflows creating jobs for its massive population, and its benefactor, providing markets with low-cost products. This process began nearly 30 years ago when China abandoned Maoist principles in pursuit of profit as the guiding ideology for its political economy.

The policy of economic reform and opening to the outside world permitted foreign investors and hardworking individual Chinese new opportunities to generate wealth, raising the collective level of prosperity and taking hundreds of millions of people out of absolute poverty at the expense of the world's ecosystem.

President Hu Jintao heads a communist coterie reared in the ethos of an authoritarian one- party state, lacking accountability and with a deeply entrenched sense of entitlement to dispensation regarding global obligations. Neither view helps Hu and crew meet new challenges such as acknowledging China's role in the greenhouse gas problem and taking the lead in searching for a solution.
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ECONOMIC GROWTH TO END SOON, FOREVER!!

Peak Oil is the idea that the world’s oil production will soon reach a peak and then begin to decline. This will have epoch-changing effects on a growing globalised world economy where over 60 per cent of energy demand is met by burning oil and gas, and where 95 per cent of transport is driven by oil. Over the last couple of years the status of the peak oil idea has been transformed from that of a Chicken Little conspiracy theory to one commanding the public attention of national governments. The weeks before Easter 2007 were a truly momentous period for the peak oil debate. Highly respected figures in the oil industry, such a energy investment banker Matt Simmons and legendary Texas oilman T.Boone Pickens, abandoned their usually restrained commentary to declare that world oil production was now at its peak and would henceforth fail to meet future demand increases.

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