China’s waste recycling market is booming – Greenpeace

China is turning a profit on its waste recycling.

But it is struggling to meet its environmental targets and a lack of a national system of waste collection is putting off many from making the jump.

Key points:China’s waste recycler is in the process of building its own national waste recycling networkGreenpeace says the Chinese government is not doing enough to encourage recyclingChina’s national waste collection system has been plagued by corruption and waste collection was “fraught with fraud”Greenpeace said China was turning a profitable profit on waste recyclingThe country is home to more than two-thirds of the world’s population but has struggled to meet the country’s pollution targets, and has been facing the loss of valuable resources in the form of coal, steel and other metals.

China is now the biggest exporter of recycled materials in the world, but is not yet ready to use them for the same reason as other countries that do not have a national waste recovery system.

According to Greenpeace, the Chinese National Waste Recycling Corporation has spent around $8.4bn (US$7.1bn) on the recycling of waste since 2006, and in 2013 it was able to pay out a $6.3bn profit.

Its new national waste system, which it has dubbed China’s National Waste Recovery and Recycled Recyclers Network, has been criticised by environmental groups, who say the system is not as clean as it could be.

But China’s President Xi Jinping has promised to create a new national system that will be more efficient, efficient, and transparent.

China’s new national recycling system is due to be unveiled on May 30, but Greenpeace has been working to raise awareness of the new system and to secure funding for its expansion.

In a statement, Greenpeace said:China is not recycling the same amount of waste that countries such as the United States, the European Union, Japan, Japan’s neighbours, and Australia do.

China has been spending $8bn a year on recycling its waste.

The company said that the new national plan will “help to meet China’s environmental targets by improving the efficiency of the waste collection process, improving the quality of the recyclable material, and reducing waste”.

But Greenpeace also said that it was not clear how many of the recycling targets will be met, and said that China had been “slow to introduce national systems of waste recycling”.

“China has failed to take concrete action to make its national waste recycle system better and more efficient,” the group said.

“The waste collected by China’s national recycling network is often more valuable than its original waste.”

China’s government has said it is in “tremendous difficulty” to collect and process recyclables because of corruption and other problems.

But Greenpeace said that while China’s recycling system was “quite effective” at recycling large quantities of materials, it was “troubled by the lack of transparency in the system”.

“The recycling of recyclible materials has been beset with fraud and fraudulent practices, resulting in waste being re-exported from China to countries that don’t have national waste systems,” Greenpeace said.

China has also not been able to provide enough transparency about its national recycling scheme, and its waste management system was not up to scratch.

“China’s recycling and waste management is now failing to meet international standards and needs to be overhauled,” Greenpeace campaigner Paul Taylor said.