The South China Morning Post’s, Al Guo, reported on the alarmingly bad air quality scores Beijing is currently printing. The Air Pollution Index hit 89 yesterday and “according to the index, compiled by the Beijing Municipal Environmental Protection Bureau, all but five remote suburbs in the city had air pollution levels higher than 80 yesterday, with a couple of districts registering up to 99. Any figure recorded above 100 is considered harmful to health.”
Bear in mind, the Chinese call this “cleaning it up” before the Olympics.
Never mind that I am long the Chinese ETF (FXI). This is just plain bad.
Picture from the SCMP Article, Yesterday at the Forbidden City