The Chinese government announced that it will begin charging households for garbage disposal by 2020.

Waste360 Staff, Staff

August 6, 2018

1 Min Read
China is Cashing in on Trash Disposal

Dynagreen Environment Protection Group, a Chinese company that collects, stores and incinerates garbage, has surged nearly 500 percent since it began trading in Shanghai in June.

The Chinese government just announced that for the first time, households will have to pay for garbage disposal by 2020. It also is tightening limits on landfills.

Since the first half of the year, China signed about 100 billion yuan ($14.6 billion) of sanitation and classification contracts, according to environment consulting firm Huanjing Sinan. And the deals keep coming.

Bloomberg has more:

There’s money in trash, and Chinese companies are cashing in.

Dynagreen Environment Protection Group, which collects, stores and incinerates garbage, has surged almost 500 percent since its shares began trading in Shanghai on June 11, the best-performance among stocks listed in the city this year. It’s among the waste specialists poised to cash in on China’s carrot-and-stick approach to cope with the world’s biggest trash flow.

The government said this month that households across the nation will, for the first time, have to pay for garbage disposal by 2020 and, separately, that limits on landfills will be tightened. Other recent initiatives include raising recycling quotas in 46 major cities, including Beijing and Shanghai.

Read the full article here.

About the Author(s)

Stay in the Know - Subscribe to Our Newsletters
Join a network of more than 90,000 waste and recycling industry professionals. Get the latest news and insights straight to your inbox. Free.

You May Also Like