Coal Boomtowns Fade as China Declares War on Pollution

Posted by ClimateWire: Coco Liu on March 18th, 2015
ClimateWire: The streets of this northwestern Chinese city were once packed with Ferraris, BMWs and other luxury cars. Now, they are all gone. Average housing prices here have dropped by a quarter in two years. Driving across the city's downtown, you see vacant buildings and empty restaurants. "The business of coal companies here turned south since late 2012," Yang Cheng, a local driver, explained while passing by a closed hotel. "Yulin is a coal boomtown," Yang went on. "Once coal businesses are not......

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