Cars are not the major source of pollution in China. Traffic jams are that's a given. Industrial activities such as factories, coal power plants create 90% of the pollution. FYI... Not in the stock at this time.
Pollution in China
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Beijing air on a 2005 day after rain (left) and a sunny but smoggy day (right)
Pollution is one aspect of the broader topic of environmental issues in China. Various forms of pollution have increased as China has industrialized, which has caused widespread environmental and health problems. According to the World Bank in 2007, 16 of the world's 20 most polluted cities are in China.
The small level of "environmental awareness" has hindered the development of proper recycling systems in China's cities as the amount of waste increases.
Beginning from June 1, 2008, all supermarkets, department stores and shops throughout the entire country of China are prohibited from giving out free plastic bags. Stores must clearly mark the price of plastic shopping bags and are banned from adding that price onto the price of products. The production, sale and use of ultra-thin plastic bags - those less than 0.025 millimeters, or 0.00098 inches, thick - are also banned. The State Council called for "a return to cloth bags and shopping baskets." This ban, however, does not include the widespread use of paper shopping bags at clothing stores or the use of plastic bags at restaurants for takeout food. Since the ban, ten percent fewer plastic bags have been thrown away.
River exploitation and deforestation
In 2008, China began an era of infrastructure and real estate construction campaign. Rivers are often exploited for soil and rock. To do this, trees and grassland along a given river is cleared, then the riverbed is deepened by a few dozen meters. The river is usually littered with numerous small deep lakes and sand/rock heaps. The ground water level can easily be reduced by 5 meters in an nearby villages. Excavators and crushers work all day and night kicking up dust and making noise pollution a problem. Factories may dump their chemical emissions into river, or inject it
Thick haze blown off the Eastern coast of China, over Bo Hai Bay and Yellow Sea. The haze might result from urban and industrial pollution.
Zhong Nanshan, the president of the China Medical Association, in 2012 warned that air pollution could become the biggest health threat. Lung cancer and cardiovascular disease were increasing because of factory and vehicle air pollution and tobacco smoking. Lung cancer was two to three times more common in cities than in the countryside despite similar rates of tobacco smoking. Zhong stated that while transparency had increased in recent years much more information was needed and called for detailed epidemiological research. He questioned official data stating that air pollution was decreasing. Until recently the governmental air quality index did not include ozone and PM2.5 despite being the most dangerous to human health. Measurements in January 2013 showed levels of air pollution, as measured by the density of particulate matter smaller than 2.5 micrometres in size, was literally off the chart – higher than the maximum 755 μg the US Embassy's equipment can measure. Smog from mainland China has reached as far as California.
Sulfur dioxide emissions increased until 2006 after which they began to decline. This has been accompanied by improvements on several related variables such as the frequency of acid rains and satellite measurements of aerosol optical depth. This is likely mainly due to adaption of sulfur reducing technology by power plants.
Large scale use of formaldehyde in construction and furniture also contribute to indoor air pollution.
According to the World Bank, the cities with the highest levels of particulate matter in the PRC in 2004 of those studied were Tianjin, Chongqing, and Shenyang. In 2012 stricter air pollution monitoring of ozone and PM2.5 were ordered to be gradually implemented so that by 2015 all but the smallest cities would be included. State media acknowledged the role of environmental campaigners in causing this change. On one micro-blog service more than a million mostly positive comments were posted in less than 24 hours although some wondered it the standards would be effectively enforced.
The US embassy in Beijing regularly posts automated air quality measurements at @beijingair on Twitter. On 18 November 2010, the feed described the PM2.5 measurement as "crazy bad" after registering a reading in excess of 500 for the first time. This description was later changed to "beyond index", a level which recurred in February, October, and December 2011.
In June 2012, following strongly divergent disclosures of particulate levels between the Observatory and the US Embassy, Chinese authorities asked foreign consulates to stop publishing "inaccurate and unlawful" data. Controversy arose when U.S. Embassy declared Beijing air as “very unhealthy” on 5 June; underlying data showed 199 micrograms of particulate matter. In contrast, readings from the Beijing Municipal Environmental Protection Bureau declared Beijing air as “good”; its data showed levels between 51 and 79 micrograms for the corresponding period. Officials said it was "not scientific to evaluate the air quality of an area with results gathered from just only one point inside that area", and asserted that official daily average PM2.5 figures for Beijing and Shanghai were "almost the same with the results published by foreign embassies and consulates".
By January 2013 the pollution had worsened with official Beijing data showing an average figure over 300 and readings of up to 700 at individual recording stations while the US Embassy recorded over 755 on January 1 and 800 by January 12.
On October 21, 2013, record smog closed the Harbin Airport along with all schools in the area. Daily particulate levels of more than 50 times the World Health Organisation recommended daily level were reported in parts of the municipality.[
It's a good thing that the Chinese government is also subsidizing improvement in % coal power throughout the country. This will also help to curtail the pollution problem, along with the HEAVY SUBSIDIES FOR EVs AND EV CHARGING INFRASTRUCTURE OVER THE NEXT 2 YEARS. Your numbers above are incorrect according to government studies, 90% is an overestimate of the % contribution of factories and power plants. It is estimated that traffic and internal combustion engine (gas-powered) cars contribute roughly 20-25% of total pollution to heavily populated Chinese cities.
-Best, and good luck with all investment decisions.
What is your source for 90%...I have heard other numbers floated about 30%, 25%. Think that the restrictions on ICE cars (versus EVs) is more telling than your claim. "Traffic jams are that's a given" —what's your point? Traffic jams cause pollution but cars are not the major source. Long or short, probably best for you to stay on the sidelines until you have collected your thoughts...or done some DD.
A recent report said that ICE cars were responsible for about 50% of the smog in large cities - though some northern cities have coal stations nearby so it may be less there.
The initial plan to replace the coal stations with 120 nuclear stations is underway with 32 under construction already and the first two of that program coming online this year.
(I believe the first 2 are Thorium stations - not the dirty Uranium things we use in the west)
With regard to car exhaust pollution, EVs are the answer.
But there are a whole bunch of other issues - congestion, parking, charging points etc that EV's address as a bonus.
Most cars in the west spend 95% of their time parked somewhere.
A car share program where any given car has multiple users every day makes so much sense especially
in a country with 120 cities bigger than San Francisco.
Don't forget Hangzhou (about the size of New York) already has the biggest working bike share system in the world.
Folks there will be able to switch between bikes and cars as they please.
They are used to the bike share program for years so the car share is just an extension of that - except that you have to have a driving license before you can sign up for car use.
During this winter, the appalling smog in cities has become the biggest issue for the Chinese people.
(schools are installing filtration systems so the kids can breathe the air)
The government knows it must be seen to to act.
The Kandi solution with purpose designed EV vehicles are simpler than Elon Musk's Tesla cars, have early mover innovation and insight like Steve Jobs- Apple stuff, has vast low cost production facilities in multiple provinces like Henry Ford - Ford Motor Co. and has QBEX a distributed refueling network (robotic battery swap) like John D Rockefeller did with Standard Oil and service stations.
Buffet will likely make money out of his investment in BYD in 2008 but I think he backed the wrong horse.
(out of Yahoo space so had to stop typing
Sentiment: Strong Buy
Why then, are the Chinese restricting the number of gas powered cars sold this year by 40% through a lottery system? What would their reason for that be? There are no restrictions on EV's by the way.
Sentiment: Strong Buy