Urbanization creates fresh 'liquid' asset

The nation's urbanization and economic growth will require huge amounts of electricity and water, which will exacerbate its water crisis, according to global sustainability investment specialist RobecoSAM.

The firm said that China's renewable water resources per capita stand at only about one-quarter of the global average.

The average European consumes 150 to 400 liters of water a day for personal use, while the figure for the United States is 560 liters. But the figure is only 130 liters in China.