Research and Development of Circular Economy in China

Various perspectives of circular economy were analyzed and a comprehensive definition was proposed. Circular economy is a new developing mode under the constraint of resources and environment capacity; it is based on 3R(Reduce,Reuse and Recycle) principles and relied on institutional and technological reforms. Its main part is the production and consumption system. The realization of circular economy needs the behavior change of human beings to improve the efficiency of utilizing resources,deduce the waste disposal,and balance the goals of production,consumption,and ecology harmoniously in the co-evolution. Circular economy research on the following fields,including goal and path,evaluating index (system),institution construction,and economics was summarized and discussed. The legislature should mend its pace to amend the related law and regulations to improve its maneuverability,and constitute together some new law to form an integrated circular economy law system. The government should foster the viability of most of the circular economy enterprises while offering the appropriate financial surplus and tax exemption to them. It is pointed out that the basic theory of circular economy,combining material flow method with other methods,evaluating of circular economy institution in certain region,the relationship between circular economy and economic growth,and the comprehensive research on circular economy experience in some other countries are important for further study.