BIZCHINA / Biz Media Digest

Macro: A recyclable economy
(China Today)
Updated: 2006-04-30 14:34

In 2005, the Standing Committee of the National People's Congress (NPC) incorporated the Law on the Promotion of the Recyclable Economy in its legislation plan, and charged the Environment and Resources Protection Committee with drafting it. The committee and relevant departments of the State Council are currently working on the law, and will submit it to the NPC Standing Committee for examination in 2007.

China's per capita GDP exceeded US $1,000 in 2003, a significant step towards the country's goal of building a well-off society. China is currently going through a "golden development period"  and a "period in which social contradictions are becoming more prominent."

Following the country's rapid economic development and population growth, social contradictions caused by inadequate resources are becoming more noticeable. Meanwhile, ecological construction and environmental protection efforts are being threatened. This situation means that developing a recyclable economy is of great importance to China in the 21st century.


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