"This is a big story," says Guy Villax, CEO of the Portuguese API manufacturer Hovione. "I think the impact is going to be widespread."
Companies assess the short-term chaos and long-term promise that the campaign will have on their supply chains.
When Xi Jinping came to power in China in 2013, the ambitious new general secretary claimed he would usher in an era of stricter enforcement of pollution control. Along with his highly publicized agenda to root out corruption, Xi declared that Chinese industry would be brought into line with global standards of environmental performance, significantly reducing smog and water pollution in and near major cities.
Not that China . . .