E-waste leads way in recycling progress
China has increased the subsidy for recycling e-waste — discarded electrical and electronic devices — by more than 300 percent year-on-year as it phases out the importation of overseas waste, which decreased last year by 12 percent. Industry insiders have warned of the challenges the country faces to fill the gap resulting from the ban on solid-waste imports. Still, the ban has increased the price of some domestic waste and is likely to create huge market opportunities for domestic recycling businesses. The current policy for e-waste, in which the government collects funds from manufacturers to subsidize recycling, should be extended to other waste with high recycling costs and the potential to pollute, experts say. The government also needs to draft preferential policies for junk dealers to help them overcome unfavorable operating conditions, they say.