by Byron King, Daily Reckoning.com:
Last week, right before the Fourth of July festivities kicked off in this nation, the Wall Street Journal mentioned a new environmental technique being developed on the other side of the world: the Chinese are trying to build wind tunnels big enough to blow the smog out of Beijing.
It’s likely you’ve heard of the problems they have with pollution over there, but if you’ll excuse the pun, all this talk of wind tunnels is just blowing smoke. What China really needs is to stop putting un-catalyzed exhaust into the air.
In short, what China needs is PGM – short for platinum group metals.
Chinese growth has created huge investment opportunities in recent years. But now we’re at a critical point in the “China story,” where Chinese air pollution is investable, too. I’ll discuss this in a moment.
First, however, let’s take a look at how bad things are in air of the Middle Kingdom…
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