Abstract
In today’s world, resource shortages and environmental problems have gradually become insurmountable obstacles to the economic development of all countries in the world, which is also particularly true for China. The traditional economic model of high energy consumption and high emissions can no longer meet the needs of current economic development. Therefore, the strong vitality of the economic model is particularly important. The author has determined the significance of circular economy to sustainable development of China. The evolution of China’s circular economy has been analysed, while the strengths and weakness of the Chinese model have been highlighted. The paper substantiates directions for future development of circular economy in China in the context of innovations, regulatory support, recycling, pilot projects of «waste-less city», and partnerships between the authorities, entrepreneurs and the public.
Highlights
At the turn of the century, in the 1990s, with the continuous deepening of the concept of sustainable development, sustainable development strategies became the guiding ideology for the development of all countries in the world
Through the collation and comparison of the literature, we found that these points of view have enriched the connotations of circular economy in economic society
In order to take into account the relationship between economy, resources and environment, we are exploring and practicing a circular economy development path that suits our own national conditions in industrial development
Summary
At the turn of the century, in the 1990s, with the continuous deepening of the concept of sustainable development, sustainable development strategies became the guiding ideology for the development of all countries in the world. Developed countries regarded the advent of circular economy as an important way to implement sustainable development strategies. In the 1980s, in the context of the global environment, along with the process of industrialization, the concept of circular economy was introduced to China along with the concept of environmental protection. This article summarizes and compares the theoretical research results of circular economy in China and abroad, and focuses on the analysis of the development of the circular economy model’s application in the context of China’s economic development. Combined with the theory of circular economy, it is envisaged to build a sustainable development model of circular economy and promote the construction of harmony and a new understanding of social development
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