COLLAPSE OF CHINA WASTE IMPORT MARKET COULD BE LONG TERM WARN EXPERTS
October 1st, 2008
BY MARK GODFREY
TO the casual observer in Beijing there is plenty of proof that China's market for recyclable waste has crashed. The army of waste collectors that normally patrols the city's thoroughfares has visibly thinned over the past two month. Pensioners who this summer prowled early morning breakfast restaurants and fast food joints like KFC for discarded newspapers and plastic bottles are no longer to be seen.
The middle men collecting the waste from those pensioners report hard times as prices for waste paper, plastic and metals have collapsed - and ...
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