China announces initiative to boost recovery of waste products such as metal, paper, plastic, glass to 70% by 2015, offers favorable financing and land use policies, proposes 'extended duty' on recycling for producers, sellers

Bdebbie Garcia

LOS ANGELES , November 7, 2011 (Industry Intelligence) – In a new initiative just announced by the Chinese government, China’s recovery rate for “major waste products” such as metal, glass, plastic and glass would be increased to 70% by 2015, reported Gov.cn on Nov. 6.

To reach its goal, China would set up a “complete and advanced” waste-collection system with sophisticated technologies and establish a method to manage standards, according to the guideline posted on the central government’s website on Nov. 4.

Collections would be undertaken by small and mid-sized companies, as well as by individual sanitation workers. A broad variety of investment options will be considered to expedite the system’s buildup, Gov.cn reported.

The government is offering favorable financing terms and land-use policies and it is proposing that producers and sellers of goods have “extended duty” to assist recycling in the way products are designed and manufactured.

The government said it considered establishing the recycling system “extremely urgent” because of the need to conserve China’s resources and protect its environment, reported Gov.cn.

In China’s 12th Five-year plan (2011-2015), the government pledged to establish a sustainable system for development, which included conserving energy and resources and reducing emissions.

China’s Ministry of Commerce reported that in 2009 the country recycled 140 million tonnes of waste, generating 500 billion yuan (US$78.85 billion), Gov.cn reported.

The primary source of this article is Gov.cn, the official web portal of China’s government, Beijing, China, on Nov. 6, 2011.

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