Consolidating China's Industries, One Polluter at a Time
Oct 25, 2017 | 09:14 GMT
- China's government will use stricter environmental policies to advance its quest for greater power over the country.
- The cost of upgrading their facilities to comply with more stringent environmental standards will force some small, inefficient companies to close their doors, helping China consolidate its heavy industries.
- Though ensuring local compliance will still pose a challenge for the central government, better monitoring, changing priorities and new enforcement mechanisms will limit resistance to the new environmental policies.