Click on the IRT vehicle link for the unofficial English translation of the Circular Economy Promotion Law.
China's Circular Economy Promotion Law came into force in January 2009 (the word "circular" in the title is essentially synonymous with 'sustainable'). The Law is formulated for the purpose of facilitating circular economy, raising resources utilization rate, protecting and improving environment and realizing sustained development.
The Circular Economy is the general term for the activities of decrement, recycling and resource recovery in production, circulation and consumption:
- Decrement herein means the reduction of the resource consumption and waste generation in production, circulation and consumption;
- Recycling herein means the direct use of wastes as products, or the use of wastes as
products after repair, renovation or reproduction of them, or the use of wastes, wholly
or partly, as parts of other products;
- Resource recovery herein means the direct use of wastes as raw material, or waste
For more information about this sector, please visit Public–Private Partnerships in Clean Technology.
Ref: China Circular Economy Promotion Law