China is Aiming to Roughly Establish A Resources Recycling System in the Country by 2025
China unveiled a plan on July 7 to promote circular economy for the next five years, aiming to roughly establish a resources recycling system in the country by 2025 as part of efforts to achieve carbon peak and neutrality goals.
The plan, released by the National Development and Reform Commission, specifies that China's energy and water consumption per unit of gross domestic product will be lowered by about 13.5 percent and 16 percent, respectively, by 2025 from the 2020 levels.
Under the plan, the amount of waste paper and scrap steel utilized will reach 60 million tonnes and 320 million tonnes by 2025, respectively, while the industrial output value of the resource recycling industry will stand at 5 trillion yuan (about 771.6 billion U.S. dollars).
The plan also outlines major projects and tasks for developing circular economy in the following five years, including innovations in key technologies and equipment, the treatment of plastic pollution, eco-friendly express packaging and the recycling of traction batteries. (Source: China.org)
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