TAIPEI ( TheStreet) -- Much of China saw air pollution shoot up so severely on the second weekend of January that authorities warned people in the capital, Beijing, to stay inside and called off construction projects that are ever kicking dust skyward.
The density of air particles smaller than 2.5 microns had exceeded 900 micrograms per cubic meter in Beijing, the highest in at least a year, official media said. The ideal level is below 25 microns per cubic meter.
Purely by chance, the Asian Development Bank also announced this month that it would help China lease 5,000 eco-friendly public buses by 2018. The buses for urban mass transit will "help avoid" 1.31 million tons of greenhouse gas emissions per year and give a lift to millions of low-income commuters, the lender said.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts