PE firms clean China’s water
The availability of water to feed China’s citizens and its growing industries has become a top priority for the government in recent years. It is now well known that the country’s per capita water resources are one quarter of the global average. Greenpeace has said that 70% of China’s rivers, lakes and reservoirs are “not safe for humans to use,” while the World Bank notes that half of the country’s 617 largest cities face water shortages.
With the environment given prominent billing in the 12th Five-Year Plan - a national policy document published earlier this year - independent investors have been allowed to participate in the development...
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