Most Chinese Recycling Firms Left after 'Green Fence'
By Plastics News- Published on May 15, 2015 by Nina Ying Sun
More than 70 percent of China’s plastics recycling companies have left the industry over the past three years, taking hundreds of thousands of jobs away, according to Zhou Kaiqing. Zhou is executive director of Banglue Zixun Co. Ltd., a Nantong, China-based company that provides business intelligence, training and an online platform for plastics recyclers.
Zhou foresees five major trends that could revolutionize the industry: the general public’s rising awareness of recycling, recycling channels going electronic, logistics management becoming more web-based, increasing transparency of product value, and the growing role of financing in supply and demand.