China is taking steps to build a circular economy, according to the Chinese Communist Party’s official newspaper, The People’s Daily.
The initiative seeks to boost the nation’s recycling industry so that it is worth 1.8 trillion Yuan (£183 billion) by 2015.
The National Development and Reform Commission (NDRC) states that the government has announced it will seek to increase resource productivity (measured as economic output per unit of resource use) by 15 per cent (of 2010 levels) by the end of 2015.
In order to meet this target, major plans for the country include promoting ‘green consumption’ and building industrial and agricultural systems across the country that are ‘cleaner and allow more recycling of renewable resources’.
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