The recycling industry is booming, too, with more enterprises investing in transforming waste, including steel, nonferrous metals and plastics, into renewable resources by using new technologies.
Cities like Beijing, Shenzhen and Hangzhou have all seen the emergence of Internet-based recycling. Many big companies have joined the recycling business, with NEV battery giant Tianneng Group making inroads in the regenerated lead industry.
China aggregately recycled 282 million tonnes of waste including steel, nonferrous metals and plastics in 2017, up 11 percent year on year, according to the Ministry of Commerce.
The country has launched a full-scale campaign to safeguard clean air, water and soil in recent years, with laws put in place, inspectors mobilized and officials punished for pollution. The push has created plenty of business opportunities.
"China's environmental industry maintained a growth of about 17 percent in 2017, and the growth of the environmental engineering and equipment sector specifically could reach 15 to 30 percent in 2018," said Wu Shunze, director of the environmental and economic policy research center at the Ministry of Ecology and Environment.
By 2020, sales of major products and equipment related to energy conservation and environmental protection are expected to double their level in 2017, according to a government plan. Enditem
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