“China is upending the global plastics market,” says Bloomberg, the result of a new ban on accepting plastic garbage from other countries for recycling.
- The ban is intended to both ameliorate pollution and push Chinese manufacturing up the value chain.
- China has already begun buying new plastic to replace supplies that used to come from recycling plants.
- The ban will both drive demand for new plastic and reduce supply of plastic made from scrap. Bloomberg quotes an industry analyst who says that “the U.S. is the only country in a position to quickly fill the gap.”
On the moral calculations of doing business in China
Apple’s Tim Cook: No point yelling at China / WSJ (paywall)
Answering questions about his participation in this year’s Wuzhen internet conference, which was undoubtedly a propaganda win for the Chinese government, Cook said: “Your choice is, do you participate or do you stand on the sideline and yell at how things should be? My own view very strongly is you show up and you participate, you get in the arena, because nothing ever changes from the sideline.”
Runaway borrowers the new face of China’s personal credit boom / SCMP
Easy online loans are creating deadbeat borrowers in a society where credit was unavailable until recently.
Nintendo is trying to make inroads in China’s big gaming market by giving Mario over to a rival / Quartz
Gray rhinos (?)
Penance payments: Wanda’s asset reshuffle buys brief Beijing reprieve / Reuters Breakingviews
China’s Sinopec looking to sell Nigeria business / Reuters
Minors on the internet
Chinese video beautifier Meipai bans live streaming by underage users / TechNode