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...state development fund in Taiwan is raising $6 billion to aid companies in the industries considered strategic for the economy; Taiwan chipmaker Powerchip Semiconductor has already applied for government help. China, meanwhile, has restored or raised tax rebates over the past six months on more than 3,700 export items, including many consumer goods like toys, to assist struggling small exporters. The rebates can help keep the prices of Chinese exports low and more competitive...

Author: /time Magazine | Title: The Threat of a Global Trade War | 1/19/2009 | See Source »

...which the Chinese GDP was going to roll forward to become the No. 1 economy in the world was relatively simple. An expanding global need for cheap goods would drive a massive export machine. An expanding middle-class would become rabid consumers of items made both overseas and within China...

Author: /time Magazine | Title: The Last Pillar of the Chinese Economy Falls | 1/12/2009 | See Source »

...phones and computers can be dismantled to get at the useful metals inside, but doing so safely is time-consuming. Thus, many electronics recyclers ship American e-waste abroad, where it is stripped and burned with little concern for environmental or human health. And authorities rarely stop the export of potentially hazardous e-waste. The U.S. is the only industrialized country that refused to ratify the 19-year-old Basel Convention, an international treaty designed to regulate the export of hazardous waste to developing nations. Meanwhile, the Environmental Protection Agency (EPA) oversees the export of only one type...

Author: /time Magazine | Title: E-Waste Not | 1/8/2009 | See Source »

Puckett and other environmentalists are pushing for a full ban on e-waste exports. They're hopeful that the new Administration will prove receptive; as a Senator, President-elect Barack Obama co-sponsored a bill that in 2008 became a law barring the export of mercury...

Author: /time Magazine | Title: E-Waste Not | 1/8/2009 | See Source »

...afterlife of their products. The strategy is working. By reducing toxic metals like mercury and using fewer small pieces of aluminum and glass, companies like Apple now design their laptops to be more easily recycled. Sony has pledged to work only with recyclers that pledge not to export e-waste. And Dell, which since 2004 has offered free recycling for its products (customers arrange shipping online), recently announced an in-store recycling program with Staples. To confirm that its recyclers are really recycling, Dell uses environmental-audit firms to check up on its partners...

Author: /time Magazine | Title: E-Waste Not | 1/8/2009 | See Source »

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