Hong Kong prides itself on its status as Asia’s leading financial center, home to tens of thousands of bankers. More money was raised in stock market debuts there last year than on any other stock exchange, including New York’s.
The city’s air quality, however, is badly lagging, with some estimates putting pollution at three times the level in New York. With some blowing in from mainland China and some generated by the woefully out-of-date engines powering many Hong Kong trucks and buses, smog regularly exceeds levels recommended by the World Health Organization.
A survey of more than 200 international and local companies operating in Hong Kong, released on Tuesday by the office-space provider Regus, suggests that the problem is negatively affecting businesses. Three of four companies said that the city’s air quality was making it harder for them to attract and retain employees from abroad.
Read the entire article at: The New York Times Green Blog
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