Smog Clouds Shanghai’s Drive to Become Global Financial Center

Shanghai is cracking down on polluters with the introduction of stricter fines to combat the hazardous smog levels that are testing its drive to become a global financial center. Beginning tomorrow, the city will boost the maximum penalty for pollution fivefold to 500,000 yuan ($82,000). Repeat o…

View original here: 
Smog Clouds Shanghai’s Drive to Become Global Financial Center