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In the United States, there has been an increase in investment in recycling plants after restrictions on importation of waste paper and plastic waste into China in January 2018, the Associated Press reports. The resulting excess waste paper in the United States led to the expansion of paper mills. Due to the cessation of supplies of recyclable materials to China, a number of enterprises in the United States are refitting facilities for self-processing. In order to have access to scrap metal, plastic and waste paper, Chinese companies continue to invest in American waste processing plants. For example, the Chinese Global Win Wickliffe announced the launch of previously suspended production at a paper mill in Kentucky. According to the non-profit organization The Recycling Partnership, investment in paper processing plants in the United States over the past 6 months amounted to about $1 billion.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
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