BEIJING -- China's National Development and Reform Commission (NDRC) said Friday that it has released a plan to advance the development of the country's circular economy during the 15th Five-Year Plan period (2026-30).
By 2030, a circular economy system covering production, consumption, recycling and utilization will be further optimized, with the resource recycling industry's output reaching 8 trillion yuan (about $1.2 trillion), according to the plan.
By 2035, the country will have basically established a high-quality development system for the recycling economy, the plan says, adding that the utilization efficiency of major resources will reach globally leading level.
To achieve the targets, the plan calls for efforts to promote the efficient recycling and utilization of industrial resources, and advance ecological circular development in agriculture and forestry.
While encouraging the import and use of high-quality recycled raw materials from overseas, the plan urges relevant departments to expand the application of recycled materials and regulate the circulation and transaction of secondhand goods.
