BEIJING (Sept. 5, 10:45 a.m. ET) — For years, China has shown an insatiable appetite of waste plastic imports. With low-cost labor sorting and lax regulatory controls, the recycling business thrived. But the government has been taking actions to rein in the industry, first by imposing policies last year to tighten up the control of import and trade of scrap materials, and now, by enacting a new regulation that bans improper recycling practices that may pollute the environment.
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