China Still Working to Curb PollutionSource: Bloomberg
Government spending related to the effort will rise by 19 percent in 2018
China’s National People’s Congress kicked off Monday, providing a key opportunity to gather valuable trading intelligence about the world’s second-largest economy. President Xi Jinping’s address to the Communist Party congress in October was heavy on the environmental rhetoric, triggering a rally in green stocks. The work report out today furthered that theme, saying spending to curb pollution will rise by 19 percent to 40.5 billion yuan ($6.4 billion) in 2018. Smog in Beijing has dropped markedly amid a push to convert households in northern China from coal to gas, though the roll-out was patchy.