China
Environmental artist Brother Nut + Stock exchange deal with USA
Dear reader,
A picture is worth a thousand words – even we writers often have to admit that. This becomes very clear with the works of the Beijing artist Brother Nut. He draws attention to China's environmental and climate issues with creative projects such as a brick pressed together from smog. In doing so, he creates impressive imagery that will probably be remembered longer than numerous written descriptions of the climate and ecological problems.
Renxiu Zhao spoke with Brother Nut about how economic growth in recent decades has often been achieved at the expense of the environment. It robs people of drinking water and contaminates the soil on which people are supposed to make a living. Desperation is often the result. Because the victims of environmental pollution are seldom heard by authorities. The public often remains unaware of the problems in other parts of the country. But since the climate crisis also affects all Chinese, the government will hardly be able to look the other way on ecological and climate problems in the future.
In the meantime, the United States and China have reached an agreement on the trade policy front. US auditors will be granted limited access to the balance sheets of Chinese companies. In return, they will be allowed to remain listed on the New York Stock Exchange. But this outcome remains unsatisfactory for Chinese companies, writes our team in Beijing. They do not want to reveal their cards. So the trend to abandon New York and return to home exchanges like Hong Kong remains unbroken.
