China Aims for CNY8 Trillion Resource Recycling Industry by 2030 Under Circular Economy Plan
By
Zhu Yanran
Summary
China plans to expand its circular economy system during the 15th Five-Year Plan (2025-2030), aiming to increase the output value of its resource recycling industry by 60% from 2025 levels to reach CNY8 trillion (USD1.2 trillion) by 2030. The circular economy model focuses on reducing waste and maximizing resource efficiency by keeping materials in use for as long as possible, covering production, consumption, recycling, and reuse.
Source
bskyChina Aims for CNY8 Trillion Resource Recycling Industry by 2030 Under Circular Economy Planyicaiglobal.comKey quotes
· 3 pulledChina will further improve its circular economy system, which is an economic model that aims to reduce waste and maximize resource efficiency by keeping materials in use for as long as possible, during the 15th Five-Year Plan that began this year.
The country aims to expand the output value of its resource recycling industry by 60 percent by 2030 from 2025 to CNY8 trillion (USD1.2 trillion).
China's circular economy system covering production, consumption, recycling and reuse will become more developed by 2030, with the output efficiency of major resources expected to jump...
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