Air Purifier Rush as Smog Shrouds Northern China

Air Purifier Rush as Smog Shrouds Northern China

By Agence France-Presse on 11:53 am February 24, 2014.
Dangerous smog which has blighted swathes of northern China in recent days has prompted a spike in air purifier sales, local media reported Monday, as pollution continued to shroud Beijing.

China’s National Meteorological Centre issued a “yellow” smog alert for much of the country’s north on Monday, the fifth consecutive day of heavy pollution which has slashed visibility and seen pollution reach hazardous levels.

The smog has prompted a rush by consumers to buy face masks and air purifiers, state-run China National Radio reported, with sales of the machines tripling in recent days at one Beijing electronics store, it said citing a store employee.

Beijing issued an “orange” pollution alert on Friday — the second-highest on the scale — leading to orders for manufacturing plants in the city to cut production, while building work has been halted and barbeques curbed.

Physical education classes and outdoor exercises at schools have also been called off, the state-run Xinhua news agency reported.

Levels of small airborne particles which easily penetrate the lungs and are known as PM 2.5 have repeatedly reached more than 400 micrograms per cubic metre in recent days, according to a count by the US embassy in Beijing, more than 16 times the World Health Organization’s (WHO) safety guideline of 25 micrograms.

Cities across China have been hit by intense air pollution in recent years, much of it caused by emissions from coal-burning power stations.

China’s pollution problems are blamed on rapid urbanization, dramatic economic development, increasing car use and climatic factors. Pollution tends to worsen in winter.

Airborne particles have been linked to hundreds of thousands of premature deaths, and the problem has emerged as a major source of discontent with China’s government.

The National Meteorological Centre has said the pollution is expected to continue until Thursday.

 

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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