China backs establishment of a national recycling group

BEIJING, Sept 23 (Reuters) - China's state planner said on Monday it supports the establishment of a national resources recycling group as part of its efforts to improve recycling in various industries.

Industry sources have previously said China was planning to set up a state-run company specialising in recycling across sectors including steel, base metals, plastics and chemicals.

The National Development and Reform Commission did not provide a timeline or other details on how the recycling group would work during a Monday media briefing focused on China's ongoing efforts to encourage equipment upgrades and consumer goods trade-ins in order to bolster the economy.

That effort is creating growing stocks of waste for recycling, moneybagapp.com Zhao Chenxin, vice chairman of the National Development and Reform Commission (NDRC), said at the briefing. Read more