China Puts Additional Effort to Rebound Import of Waste Plastics
Published By : 11 Nov 2014 | Published By : QYRESEARCH
As compared to 2013, China’s activity in importing waste plastic products in 2014 has increased, reported a representative of Ministry of Environmental Protection Li Shu’ai. Li was present at the Plastics Recycling Industry - Sino-EU Cooperation Seminar held on October 10, 2014 in Beijing.
China imported about 39.23 million tons of waste products in the first three quarters of 2014. This included plastics worth a value of $230 billion. According to Li this was a decrease of 4.29 percent from the previous year.
Meanwhile, in the same duration, China imported around 6.63 million tons of waste plastics with around a total value of $4.9 billion. This was a 19 percent year-on-year increase.
Li’s estimations show that total import volume in 2014 will surpass last year’s volume. Last year the Green Fence policy made a huge impact on the industry as well. However, Li says this year there are 1,167 waste plastics importers present in China – which is a decline of 100 companies from last year.
Some of the top import sources present were Hong Kong with 22 percent, and then the United States, Germany, and Japan.
Most of the small time companies that were affected due to a negative impact on the environment have now been shut down or run under a government upgrade, said representative Li Hongliang, Ministry of Industry and Information Technology. The ministry had hoped to begin a deregulation in order for provinces to create their own rules regarding import of waste products; however, the efforts were delayed due to State Council. Even, China’s President Xi Jinping had reminded the country that they must regulate according to law and order, added Li.
Li also spoke to Plastics News China and said that Green Fence policy has been considered by the government as success and will now continue its focus on other industries.