Sustainable Investment in China | News to Know
Publication Date
June 2013
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Lack of Water Will Raise Costs and Affect Coal Industry (May 9, 2013, China Water Risk)
More than 50 percent of industrial water is used in coal and coal-related industries, while 83 percent of China’s coal lies in water-scarce and water-stressed regions. The author asks whether there is enough water for the coal industry, and what the costs will be for the industry to respond.
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Guizhentang’s IPO Cancelled (June 5, 2013, South China Morning Post)
Fujian Guizhentang Pharmaceutical was among 269 companies that pulled their IPO applications this year, according to the CSRC, which has increased scrutiny of IPO applications. Last year, animal rights groups heavily criticized Guizhentang for extracting bile from bears for its products.
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2012 State of Environment Report Launched (June 6, 2013, China Water Risk)
The government rejected or suspended approval for 24 projects for failing to meet environmental requirements. Additionally, the report names 56 companies that violated groundwater pollution standards.
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China Orders Firms to Curb Pollution (June 15, 2013, BBC)
The government will require companies in heavy-polluting industries to reduce emissions by 30 percent by 2017. Non-compliers will be penalized for excess emissions.
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