China's costly environmental crises

China's environment is in bad shape according to Kenneth Lieberthal, visiting fellow at The Brookings Institution.  This sends out a strong warning to other developing nations to better manage the environmental impacts of economic development.

 From ResponsibleChina.com:

China’s environmental crisis is wide-ranging, complex, and consequential

It threatens the pace of economic growth

Addressing it effectively will be expensive, and will require changes in the political economy

Challenges will evolve over time

The environment may well be the most consequential factor in shaping the country’s future