badeconomist + china   375

The US, Japan, Europe and Hong Kong have yet to wake up to China’s trash import ban | South China Morning Post
A research team from the University of Georgia in the United States has calculated that China has taken in more than 45 per cent of the world’s plastic waste since 1992, and over a half of some other forms of solid waste. China imported more than six million tonnes of trash just in 2016, in addition to producing more than 50 million tonnes itself. If such trends continue, China’s imported trash ban could leave up to 111 million tonnes of plastic waste stranded, come 2030.

The reality is that, for the better part of the past three decades, as countries like Japan and Germany were boasting to the world about the radical new initiatives they were taking to recycle their waste and reduce pollution, their dirty little secret was that the vast majority of their nasty waste was simply being shipped to China.

Through 2016, before China’s import ban came into force, US recyclers employing over 155,000 people exported 37 million tonnes of waste, worth US$16.5 billion – and one-third of this went to China, amounting to 4,000 shipping containers per day. One California recycler alone – with the suspiciously Chinese name of America Chung Nam – sent out 333,900 containers as exports. At home, the US recycled just 9 per cent of its plastic waste, with most simply going into landfills.
waste  china  recycling 
5 weeks ago by badeconomist
All the tools – and weapons – China can use for global tech dominance | This Week In Asia | South China Morning Post
Some of the techniques Beijing is planning to use to achieve this goal are similar to past episodes of industrial planning. Others are newer, reflecting China’s recently acquired economic strength and confidence.

China isn't playing catch up - it's leapfrog and it may get dirty
One time-honoured tool is generous state subsidies to favoured companies. In the past, local governments typically extended lavish tax breaks to select players, as well as offering cheap credit, free land and cut-price energy. But as with solar panels in the early years of this decade, the results were often capital misallocation, excess capacity and anti-dumping actions by trade partners who accused China of selling in global markets at below cost. This time around Beijing is hoping to get smarter, dressing subsidies up as investments from state-directed venture capital funds, which policymakers hope will be more discerning than local officials. The sums are still huge, though. At the end of 2015, China had earmarked US$328 billion for such funds, with US$120 billion allotted to investment in semiconductors alone.
china  technology  industrialpolicy 
july 2018 by badeconomist
China’s Hot Housing Market Begins to Cool - WSJ
In Beijing and Shanghai—two of the country’s largest markets—and other megacities, sales have stalled and prices have dropped, falling slightly in some pockets and dramatically in others.

Demand has dried up in these areas as a result of government measures including higher mortgage rates, higher down-payment requirements and limits on buying a second or third home. Would-be sellers are increasingly putting plans on hold in hope that prices will rebound.
china  housing  bubble 
january 2018 by badeconomist
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