More than 2 percent of China’s arable land, or an area the size of Belgium, is too polluted to grow crops, the government said, offering new evidence of the environmental cost associated with 30 years of breakneck growth.
NanoH2O Inc., a manufacturer of reverse-osmosis membranes that cut the cost of energy for seawater desalination facilities, plans to build a plant on the Yangtze River delta to tap China’s industrial water needs.
China grew into the world’s leading shipbuilder over the last decade as hundreds of private yards opened to compete with state-run companies. Now, the government is poised to regain control as the industry heads for consolidation.
China’s economy is showing mounting signs of deterioration from manufacturers to banks, raising the risk that outgoing Premier Wen Jiabao will miss his growth target for the first time since taking office in 2003.