We've all heard the saying that living in Shanghai is like smoking a pack a day. Well it seems there's some substance to this. According to this report up to 750,000 people die each from air pollution in China's larger cities, findings which have been censored by the Chinese government. This doesn't come as an enormous surprise. While China's unprecedented economic growth has been truly astonishing, this has largely been in the absence of regulation, particularly environmental regulation. I suspect China will face far more serious problems in upcoming years. The middle class of China is growing, all of whom want their own cars. The electricity demands will skyrocket. Industrial pollution with increase to satisfy ever increasing demand for goods. Population densities will remain incredibly high. It's a pretty bleak outlook.