Wednesday, May 01, 2013

China pollution limiting economy

Expatriate executives are leaving China because pollution is ruining their health.

Seattle Times

… There is no official data on the numbers leaving because of pollution, but executive recruitment companies say it is becoming harder to attract top talent to China — both expats and Chinese nationals educated abroad. The European Chamber of Commerce in China says foreign managers leave for many different reasons, but pollution is almost always cited as one of the factors and is becoming a larger concern.

If the polluted skies continue, companies may have to fork out more for salaries or settle for less qualified candidates. Failure to attract the best talent to crucial roles could result in missed commercial opportunities and other missteps.

China’s rapid economic development over the past three decades has lifted hundreds of millions out of poverty but also ravaged the environment as heavy industry burgeoned, electricity demand soared and car ownership became a badge of status for the newly affluent in big cities.

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