EUWID: China launches state-owned recycling enterprise.

The Chinese government established a new centrally administered state-owned enterprise (SOE) specialising in recycling and reuse in mid-October. Newly founded China Resources Recycling Group Co., Ltd. (CRRG) is based out of Tianjin and has a registered capital of 10 billion RMB (€1.3bn), according to state-run news agency Xinhua.

Link to the article on EUWID Recycling and Waste Management: China launches state-owned recycling enterprise

That has been reported by various other media as well

Link to the article on recycling today: China’s government establishes state-owned recycling company

Link to the article on ALCIRCLE: China Resources Recycling Group debuts with Chalco, Minmetals and Baowu as major shareholders

Link to the article on trivium china: New recycling SOE China Resources Recycling Group established

Link to the article on Fastmarkets: Concerns loom over weak market fundamentals amid launch of new Chinese state-owned recycling company

Link to the article on BIGMINT: China launches new SOE to lead national recycling efforts

Link to the article on Mysteel: China launches new SOE to lead national recycling efforts

Link to the article on Bloomberg: China’s Recycling Push Risks Weighing Down Demand for Metals

sources: EUWID, recycling today, ALCIRCLE, trivium china, FASTMARKETS, BIGMINT, Mysteel, Bloomberg