While the original bans laid out in China’s notification to the World Trade Organization (WTO) on July 18th puts 18 percent of US to China waste and scrap exports by volume at risk (about $532 million worth), a complete ban, as drafted by China’s State Council, would jeopardize the entire $5.2 billion trade between the…
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What’s in store for the global recycling economy in the wake of China’s bans?
China is the largest importer of waste. In 2016, they accepted 7.3 million metric tons worth about $3.7 billion. This volume equates to 56 percent of the world’s waste imports, including half of waste paper exports worldwide. When China notified the WTO on July 18th of their intent to place an outright ban on…
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Chinese Factories Closed For Code Violations May Never Reopen
Chinese factories shutdown around October 1st in observance of The National Golden Week, a holiday implemented by the government of the People’s Republic of China to promote domestic tourism, allow workers to visit relatives in remote rural areas, and improve the country’s standard of living. Though October’s Golden Week is cause for celebration and…
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