The socialist market economy of China is the world's second largest economy by nominal GDP and bu purchasing power parity after the United States. It is the world's fastest growing major economy, with growth rates averaging 10% over the past thirty years. In the pursuit of economic growth to claim the title of largest economy, the rate of industrialization has also caused a significant amount of industrial pollution to China. In 1997, the World Bank issued a report targeting China's policuy towards industrial pollution. The report stated that "hundreds of thousands of premature deaths and incidents of serious respiratory illness have been caused by exposure to industrial air pollution. Seriously contaminated by industrial discharges, many of China's waterways are largely unfit for direct human use". However, environmental regulations and industrial reforms had had some effect. Continued environmental reforms were likely to have a large effect on the amount of industrial pollution at a modest cost. Will China continue to pursue economic growth? Or will it cease knowing what adverse results industrial pollution could bring to China's future? This is truly a dilemma for China, as it's only one or the other.
-Ian (26)
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