China cracking down on pollution.

China has announced that it will be withholding loans from some companies that are heavy polluters which is a big step forward in slowing the amount of pollution the country is producing. Some of these loans are over one million dollars and the reason this is significant is because the maximum fine for companies is only $13,500. It is nice to see that one of the world's largest producers of pollution is now taking greater steps toward improving the environment. Hopefully we will see more of this to come in the future, even if it means that China's economic growth takes a small hit from these measures.