Much has been said in the past year about China’s unprecedented pollution problem. So much, in fact, that both China and Goldman Sachs have noticed, because it goes without saying that it is not easy to conduct a healthy investment climate in a city in which one needs a mask just to go outside and enjoy the lack of sun. Which is why we were amused to see the latest gimmick conceived by the Goldman reality adjustment wizards who have come up with a new metric: pollution per unit of GDP.
This is how they explain it: