Pollution May Cancel Out China's Economic Growth

Much has been made of China's dazzling economic growth, but when the negative effects of China's pollution are factored in, the growth rate is less impressive.

The Chinese government has calculated that the effects of pollution wiped out $67 billion, or 3 percent of the nation's GDP, in 2004.

The World Bank calculates that pollution costs China about 5.8 percent of GDP every year.

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