It's time for Howard's Illustrated Economics. This morning - the growth of modern China.
China has consumed more cement in three years than America did in a century.
Beijing air quality is good only 2% of the time - it is unhealthy or very unhealthy 63% of the time - and that doesn't count the 4% of the time that Beijing air is downright hazardous.
It's not just population growth - it's population shift to urban areas.
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