Bloomberg Former U.S. Treasury Secretary Henry Paulson said China’s leaders are serious about tackling environmental problems yet could be overwhelmed as hundreds of millions more people flock to cities in coming decades. by Noah Buhayar
'China’s leaders “care about climate change and they understand it and
are seriously working on it -- that’s the good news,” Paulson said
Thursday during an event in Seattle. “The bad news is they’ve taken all
kinds of actions, but they’ve been blown away by the explosive,
'Paulson has been traveling the globe to promote his latest book,
“Dealing With China: An Insider Unmasks the New Economic Superpower.” He
Asia’s largest economy is “running out of steam” and risks a “day of
reckoning” if leaders don’t adopt a new model for municipal finances.
'The book also addresses environmental challenges facing the country. On Thursday, Paulson called China’s urbanization policy
“broken” because it creates pollution and stress. He estimated that the
number of people in cities there could surge by 300 million over the
next 25 years from about 650 million now.
'“The dirty air is killing people,” Paulson said. China’s leaders
“don’t believe the Communist Party will stay in power unless they make
progress” on pollution, he said.'