Factories to be shut to cut air pollution before Olympics
Friday, February 22nd, 2008China will shut coal-fired power plants, cement factories and chemical manufacturers near Beijing to reduce pollution before the Olympic Games in August.
Operators of these sites have been told they will be closed 30 days before the Olympics begin on August 8.
Ten ‘major polluters’ have already been shut and more than 15,000 old buses and taxis in both Beijing and Tianjin have been taken off the road the State Environmental Protection Administration said in a statement on its Web site.
Zhou Xizeng, an equity analyst who covers steel companies at Citic Securities in Beijing, said, ‘The Olympics are the main theme this year so all the companies will go in line with the government’s directives on the environment. Summer is a good time to cut supply because it isn’t a peak season traditionally.’
The South China Morning Post reported February 5 that Haile Gebrselassie, the men’s marathon world record holder and shown here, said that while he will attend the Games, he may pull out at the starting line if conditions aren’t safe enough. He is quoted as saying, ‘If pollution is a serious problem I will not run.’ In fairness he already has respiratory problems so that would be prudent.
Source: Bloomberg

