What is China's 'most vexing problem'?

Whipping industrial companies into shape over air pollution

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John Lin of AllianceBernstein
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John Lin of AllianceBernstein

Last October, we travelled to Wuhu in the eastern Anhui province, about 350 kilometres from Shanghai, writes John Lin, portfolio manager of Chinese equities at AllianceBernstein.

When we woke up and looked out the hotel window, the thick grey smog that covered the city provided a potent reminder of one of China's most vexing problems: air pollution. Chinese companies are facing...

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