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Tag: China

Study: Plastic will pile up in wake of China recycling ban

Study: Plastic will pile up in wake of China recycling ban

Technology
China's decision to stop accepting plastic waste from other countries is causing plastic to pile up around the globe, and wealthy countries must find a way to slow the accumulation of one of the most ubiquitous materials on the planet, a group of scientists said. The scientists sought to quantify the impact of the Chinese import ban on the worldwide trade in plastic waste, and found that other nations might need to find a home for more than 122 million tons (110 million metric tons) of plastic by 2030. The ban went into effect Dec. 31, 2017, and the stockpiling trend figures to worsen, the scientists said. Wealthy countries such as the United States, Japan and Germany have long sent their plastic recyclables to China, and the country doesn't want to be the world's dumping ground for plas...
China may have 'underestimated' Trump's resolve 

China may have 'underestimated' Trump's resolve 

Business
A White House adviser says Beijing has underestimated Donald Trump in its trade dispute, raising the spectre of an escalating trade war.  Beijing has accused the United States of "extreme pressure and blackmailing" and vowed to retaliate after Mr Trump threatened more tariffs on $ 200bn of Chinese products.The United States has now imposed tariffs on up to $ 450bn in Chinese goods, out of a total of $ 500bn of imports."The fundamental reality is that talk is cheap," White House adviser Peter Navarro told reporters on a conference call, adding Beijing "may have underestimated the resolve of President Donald J. Trump"."If they thought that they could buy us off cheap with a few extra products sold and allow them to continue to steal our intellectual property and crown je...
Trump tariffs: US escalates trade threats to China

Trump tariffs: US escalates trade threats to China

World
US President Donald Trump has threatened to impose tariffs on an additional $ 200bn (£151bn) of Chinese goods in a growing trade row. Mr Trump said the 10% tariffs would come into effect if China "refuses to change its practices".The threats would be a major escalation of the dispute and sparked further falls on stock markets.China responded by accusing the US of "blackmail", raising fears of a full-blown trade war.Its commerce ministry said the country would take "qualitative" and "quantitative" measures and "fight back firmly" against additional tariff measures by the US government. Mr Trump insists that China has been unfairly benefiting from a trade imbalance with the US for years. ...
China retaliates immediately after US announces tariffs

China retaliates immediately after US announces tariffs

World
China said Friday it is retaliating against U.S. tariffs by imposing penalties on the same scale against the United States. China's commerce ministry announced the tariffs after President Donald Trump said earlier Friday the United will hit $ 50 billion of goods from China with a 25 percent tariff. The ministry did not detail specifically what goods China will penalize. China had warned the White House earlier Friday that it would respond “in the first instance” to protect its economy if Trump moved forward with any tariffs on $ 50 billion worth of Chinese goods. At the daily briefing here, Chinese Foreign Ministry spokesman Geng Shuang said, “If the U.S. side adopts unilateralism and protectionism and damages China’s interests, we will respond in the first i...
How e-commerce with drone delivery is taking flight in China

How e-commerce with drone delivery is taking flight in China

Finance
LATE on a Monday morning the village of Zhangwei is quiet. Chickens scratch and cluck at the side of the road. Workers use wooden spades to spread grain on the highway to dry, using half its width so that traffic can still pass on the other side. Yet at the community centre at the village’s heart, two objects hint at a feat of ultra-modern logistics about to unfold: a circle of green astroturf laid down in the central courtyard, and a billboard on the front of the building bearing the logo of JD.com, China’s second-largest online retailer.A low whirr breaks the stillness as a spiky dot appears on the horizon. The drone arrives overhead with a roar, hovers for a moment, then lowers itself towards the green circle like a mantis, three sets of propellers churning the air into whor...