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Study shocker: Beijing air as bad as 40 cigarettes a day

  • Researchers poring over data on pollution in China have concluded the issue may be even worse than feared, reports The Economist.
  • Relying on government air-reporting systems, scientists think that 83% of the Chinese population is exposed to air that the EPA would label as unhealthy in the U.S. Many of those living in the Beijing to Shanghai corridor experience air that's the equivalent of smoking 40 cigarettes a day, according to the measurements.
  • The read on pollution has a major impact for automakers in China. The government is expected to increase pressure on the industry by rolling back some favorable subsidies to give them an incentive to shoot for profitability at volume. The development coincides with a trend toward weaker pricing in the sector.
  • It's not clear all automakers have a strategy aligned with the changing market conditions.
  • Related automaker stocks: OTC:CQCAF, OTCPK:GWLLF, OTCPK:GWLLY, OTCPK:GELYF, OTCPK:GELYY, OTCPK:BYDDY, OTCPK:BYDDF, OTCPK:DNFGY, OTCPK:DNFGF, OTCPK:DDAIF, VLKAY, BAMXY, GM.

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