China's Fast Growth Causes Water Shortage Crisis
China's Fast Growth Causes Water Shortage Crisis Water
Technology Creates Viable Solutions for China
By Fei Wang,www.China-AsiaStocks.com, www.Water-Stocks.com
November 2005
As China's economy booms, the impacts on its environment are
becoming more evident. China, for instance, is home to 16 of the
20 most polluted cities in the world. But by far the most
serious environmental issue that the Chinese urgently need to
resolve is that of water. The country is facing increasingly
frequent and desperate shortages, disastrous flooding in some
areas, and dangerous levels of pollution. And the problem is not
just environmental - insufficient water is already limiting
industrial and agricultural output in some areas and threatening
to curb China's high economic growth rate and food production if
solutions are not found quickly.
On November 22nd the water pipes in Harbin, China were shut
after an explosion at a chemical plant that occurred on November
13th only a few hundred meters from the Songhua River, which
supplies water to Harbin, a capital city with four million
population. Five people were killed in this explosion and
approximately 100 tons of benzene flowed into the SongHua River.
By the 27th, after Songhua River met the water safety
qualification level for a continuous 12 hours, the water supply
to the city was restored. The whole water shut down lasted for 4
days. During this 4 days, all elementary and high schools,
bathhouses, car washes and restaurants were all shut down. Most
bottled water was sold out even with the price tripled. This is
one of the largest water contamination crises in the world,
which draws additional attention to China's serious water
pollution and water shortage problems.
Right now, China is moving towards a greater emphasis on
alternative water generation technologies, in hopes that this
will positively impact the need for quality water systems.
Hendrx Corp (OTCBB: HDRX), a developer, manufacturer and
distributor of water generation, filtration, ionization, and
purification devices, is working towards meeting the growing
water demands through their technology. With the ability to
generate water from the atmosphere, Hendrx's portfolio of
products is targeted towards addressing the industrial and
residential water shortage situation.
As the challenges of economic growth take their toll on the
nation's water supply leading to shortages, pollution, and a
growing need for improved technology, the water industry faces
considerable opportunities for years to come as the sector helps
to address China's needs.
Fei Wang
Fei Wang holds an Honors Bachelor of Commerce from University of
British Columbia Sauder Business School, with double major in
Finance and Marketing. She has experience in investment banking
and advertising in Canada, China and Korea, with a firm academic
background.
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