NEWS

2020.5.1
EU
Chinese investment shows Britain the way

A new plastics facility in the northern English city of Leeds is almost certainly the UK’s first Chinese-owned recycling operation.

Innovative and smart businesses are always the first to benefit from change. As the American inventor and futurist Richard Buckminster Fuller said, ‘You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete’.

And so it is with the decades-old practice of sending western waste to China. With import restrictions becoming increasingly severe, Chinese processors originally moved their operations to other South-east Asian countries. But they, too, have erected similar barriers to the Chinese. Now Chinese investors are building a new model in the heart of one the UK’s oldest and most industrial cities, Leeds in west Yorkshire.

https://recyclinginternational.com/plastics/chinese-investment-shows-britain-the-way/30096/