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Financial support for Tibet: China

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Beijing: Preferential financial policies will be continued by China to support Tibet for the next five years.

On Wednesday, Deputy Head of the People’s Bank of China, Pan Gongsheng urged commercial banks to provide more credit resources for the state while risks are under control, Xinhua news agency reported.

He stressed on diversifying financial businesses and increasing branches in Tibet and encouraging qualified capital to establish small institutions like private and village banks.

More direct financing and financial bonds are expected to facilitate enterprises, especially small and micro businesses, in Tibet.

Liu Shiyu, Chairman of Agricultural Bank of China, said that the bank had set up 511 branches in Tibet and will try to establish financial services in all counties with access to highways, electricity and phone signals by the end of 2016.

Heads of Agricultural Development Bank and People’s Insurance Group also said that there will be more capital and policy support for Tibet’s local financing and industrial expansion. Tibet’s head Dalai Lama lives in India and has kept the demands of the freedom alive for the people of his place.

With such initiatives, China is trying to woo the locals of the troubled state. The communist party led country keeps facing protests all around the world for this issue. (IANS)

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Scientists: China’s Ban Causes Plastic To Pile Up, Nations Must Reduce Usage

The study was published Wednesday in the journal Science Advances

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Scientists: China's Ban Causes Plastic To Pile Up, Nations Must Reduce Usage
Scientists: China's Ban Causes Plastic To Pile Up, Nations Must Reduce Usage, Pixabay

China’s decision to stop accepting plastic waste from other countries is causing plastic to pile up around the globe, and wealthy countries must find a way to slow the accumulation of one of the most ubiquitous materials on the planet, a group of scientists said.

The scientists sought to quantify the impact of the Chinese import ban on the worldwide trade in plastic waste, and found that other nations might need to find a home for more than 122 million tons (110 million metric tons) of plastic by 2030. The ban went into effect Dec. 31, 2017, and the stockpiling trend figures to worsen, the scientists said.

Wealthy countries such as the United States, Japan and Germany have long sent their plastic recyclables to China, and the country doesn’t want to be the world’s dumping ground for plastic anymore. The study found China has taken more than 116 million tons (105 million metric tons) of the material since 1992, the equivalent of the weight of more than 300 Empire State Buildings.

The change is forcing countries to rethink how they deal with plastic waste. They need to be more selective about what they choose to recycle, and more fastidious about reusing plastics, said Amy Brooks, first author on the study and a doctoral student in engineering at the University of Georgia. In the meantime, Brooks said, more plastic waste is likely to get incinerated or sent to landfills.

“This is a wake-up call. Historically, we’ve been depending on China to take in this recycled waste and now they are saying no,” she said. “That waste has to be managed, and we have to manage it properly.”

plastic cups
plastic cups, Pixabay

The study was published Wednesday in the journal Science Advances. Using United Nations data, it found that China has dwarfed all other plastics importers, accounting for about 45 percent of the world’s plastic waste since 1992. The ban is part of a larger crackdown on foreign garbage, which is viewed as a threat to health and environment.

Some countries that have seen an increase in plastic waste imports since China’s ban — such as Thailand, Vietnam and Malaysia — are already looking to enforce bans of their own because they are quickly becoming overburdened, Brooks said.

The study illustrates that plastic, which has a wide array of uses and formulations, is more difficult to recycle than other materials, such as glass and aluminum, said Sherri Mason, who was not involved in the study and is the chair of the geology and environmental sciences department at the State University of New York at Fredonia.

Many consumers attempt to recycle plastic products that can’t ultimately be recycled, Mason said. One solution could be to simplify the variety of plastics used to make products, she said.
“We have to confront this material and our use of it, because so much of it is single use disposable plastic and this is a material that doesn’t go away,” Mason said. “It doesn’t return to the planet the way other materials do.”

The plastics import ban has attracted the attention of the U.S. recycling industry. The National Recycling Coalition said in a statement in mid-May that it must “fundamentally shift how we speak to the public” and “how we collect and process” recyclables.

Also read: A Secret Ingredient Of Your Favorite Sushi: Microplastic

“We need to look at new uses for these materials,” said Marjorie Griek, the coalition’s executive director. “And how do you get manufacturers to design a product that is more easily recyclable.” (VOA)