The economic impact of China’s high smog alert

Global Business

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The economic impact of China's high smog alert The economic impact of China’s high smog alert

There may be an earlier than expected break in the thick smog which has blanketed Beijing’s sky for the past couple of days.

Barbara Finamore is a senior attorney and Asia Director at the Natural Resources Defense Council. CCTV America’s Phillip TK Yin asked her about the economic impact of China’s smog alert reactions.

The economic impact of China's high smog alert

The economic impact of China's high smog alert

For more on China’s smog alert and economic impact, CCTV America’s Phillip Yin spoke to Barbara Finamore. She is a senior attorney and Asia Director at the Natural Resources Defense Council.

Under the red alert, the capital banned two million private cars from roads, closed more than two thousand factories and suspended construction work.

Schools were also closed.

People rushed to stores to buy masks and air purifiers. Alibaba, the online retail giant, reported sales 150 percent higher than normal, with some shortages.

Prices for fresh vegetables and fruits have risen too.

CCTV America