In what the Financial Times calls “the first official admission that worsening air quality is affecting companies’ investment decisions,” senior Hong Kong government advisor Victor Fung, chairman of the Greater Pearl River Delta Business Council and the Li & Fung Ltd. trading firm, says air pollution is having economic consequences. “Up to a year ago [pollution] hadn’t hit our pocketbook. But now people are not coming to Hong Kong to take that job because their kid has asthma.” The article notes that a recent American Chamber of Commerce survey finds that 60 percent of the 140 executives surveyed reported they were “very worried” about pollution affecting their health. The survey also finds that 40 percent of respondents say Hong Kong’s air pollution makes it harder to recruit staff from abroad.
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