China’s Circular Economy Blueprint: Policies, Innovations, and Market Potential
China Resource Recycling Group Established in Tianjin: A National Team Enters the Circular Economy Field State owned Assets Supervision and Administration Commission of the State Council The circular economy industry in China has gained significant attention with the establishment of the China Resource Recycling Group in Tianjin. This “national team” is set to propel the circular economy into the spotlight once more. The Scale of the Circular Economy Industry How large is the circular economy industry? The planned annual output value is expected to reach 5 trillion yuan next year. In February this year, the State Council’s General Office issued the Opinions on Accelerating the Construction of a Waste Recycling System , aiming to establish a preliminary system by 2025, covering various domains and processes of waste recycling. Provinces like Shandong, Henan, Guangdong, Shanxi, and Sichuan have released action plans to accelerate the development of a nationwide circular econo...