Too big to fail?

I’m afraid that it’s another one of those statistics about the Chinese cement…Apparently Hank Paulson who was US Treasury Secretary during the markets meltdowns in 2007-09 is getting involved in the interlinked issue of climate change and the development of Chinese housing. According to the always readable Gillian Tett, he’s committed to trying to improve the environmental performance of this sector in China specifically because it’s where roughly half of new buildings going up in the world [now] are going up.

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