Circular economy and regional economic development in the Zhejiang province, southern China

Abstract

According to data on recycling waste in the Zhejiang province, P. R. China, rapid and active growth of regional featuring economy in the Zhejiang province that is lack of resource is due to four new cardinal points, namely recycling waste, industrial agglomeration, central wholesale market and privatising system. Especially, that Zhejiang leads in regional featuring economy in China is mainly based on circular economy (CE). Through field studies on regional development in the Zhejiang province, circular economy in the Zhejiang province experienced two development stages, named 'resources utilised briefly' and 'resources utilised high-efficiently' that solved two issues of resource and environment effectively. Further, circular economy development in China should be based on new mechanism of five cardinal points, namely 'enterprise actors, industry-level self-regulation, public participation, policy underpinnings and technical underpinnings'. In addition, that recycling system for recycling resources should include individual (and/or company) and demonstration recycling zone was discussed.