Do you remember the story of the tortoise and the hare? The tortoise won the race because he ran the whole race, taking the long view, seeing the big picture, unlike the rabbit who, given his speed, didn’t see the need.
While China seems to be roaring ahead right now with unchecked economic expansion, the significant environmental challenges they are accumulating will eventually catch up with them. The International Fund for China’s Environment estimates that the cleanup of this mess will cost well over $100 billion annually, more than 2% of their GDP. In fact, the Academy for Environmental Planning estimates that back in 2004 China spent over 3% of their GDP on environmentally related costs and in 2007, according to the World Bank, that number was 6%