China has announced the first results of a long-term project to quantify the impact of growing pollution on the economy, estimating that environmental damage cost the equivalent of 3 per cent of economic output in 2004.
The announcement also said on Thursday it would cost China about Rmb1,080bn ($136bn, €106bn, £72bn) to clean up the deteriorating environment, equal to about 7 per cent of gross domestic product that year.
