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Circular Economy in China: Towards the Progress

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  • Mohajan, Haradhan

Abstract

At present all nations are thinking about the circular economy (CE) in production, circulation, and consumption due to environment pollution and resource scarcity. But implementation of CE policy is yet in its infancy. The CE in the form of waste management policy that is achieved in selected developed countries of the world. China is a developing country in the East Asia. The economy of China has grown with an average 10% per annum during the last 30 years that contributes important impacts on the world economy. At the last quarter of the 20th century and beginning of the first quarter of the 21st century China becomes the largest energy user in the world, as the country rapidly becomes the largest exporter in the world. To produce essential commodities according to the global demand the country mainly depends on coal and fossil fuel to create electricity, consequently it emits maximum CO2. Recently, China has faced various harmful odd situations, such as environmental degradation, human health and social problems due to huge population, and source scarcity for the huge production, rapid continuous unplanned urbanization, and growing economy. Thinking for future sustainable economy and human welfare of the country, China is attracted by the CE. The country has taken various attempts to implement CE at the three levels at a time, namely micro, meso and macro levels.

Suggested Citation

  • Mohajan, Haradhan, 2021. "Circular Economy in China: Towards the Progress," MPRA Paper 109281, University Library of Munich, Germany, revised 03 Aug 2021.
  • Handle: RePEc:pra:mprapa:109281
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    References listed on IDEAS

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    1. Haradhan Kumar MOHAJAN, 2020. "Circular Economy can Provide a Sustainable Global Society," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 9(3), pages 38-62, September.
    2. Daniel Hoornweg & Perinaz Bhada-Tata & Chris Kennedy, 2013. "Environment: Waste production must peak this century," Nature, Nature, vol. 502(7473), pages 615-617, October.
    3. Mohajan, Haradhan, 2021. "Germany is Ahead to Implement Sustainable Circular Economy," MPRA Paper 108566, University Library of Munich, Germany, revised 20 Jun 2021.
    4. Heshmati, Almas, 2015. "A Review of the Circular Economy and its Implementation," IZA Discussion Papers 9611, Institute of Labor Economics (IZA).
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    6. Yuan Hu & Xuan He & Mark Poustie, 2018. "Can Legislation Promote a Circular Economy? A Material Flow-Based Evaluation of the Circular Degree of the Chinese Economy," Sustainability, MDPI, vol. 10(4), pages 1-22, March.
    7. Zengwei Yuan & Jun Bi & Yuichi Moriguichi, 2006. "The Circular Economy: A New Development Strategy in China," Journal of Industrial Ecology, Yale University, vol. 10(1‐2), pages 4-8, January.
    8. Li, Huiquan & Bao, Weijun & Xiu, Caihong & Zhang, Yi & Xu, Hongbin, 2010. "Energy conservation and circular economy in China's process industries," Energy, Elsevier, vol. 35(11), pages 4273-4281.
    9. We Li & Wenting Lin, 2016. "Circular Economy Policies in China," Chapters, in: Venkatachalam Anbumozhi & Jootae Kim (ed.), Towards a Circular Economy: Corporate Management and Policy Pathways, chapter 7, pages 105-122, Economic Research Institute for ASEAN and East Asia (ERIA).
    10. Noel Brings Jacobsen, 2006. "Industrial Symbiosis in Kalundborg, Denmark: A Quantitative Assessment of Economic and Environmental Aspects," Journal of Industrial Ecology, Yale University, vol. 10(1‐2), pages 239-255, January.
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    Citations

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    Cited by:

    1. Mohajan, Devajit & Mohajan, Haradhan, 2023. "Various Problems Arise in Industrial Economics If Wage Rate Increases: A Study for Nonlinear Budget Constraint," MPRA Paper 117553, University Library of Munich, Germany, revised 04 Apr 2023.
    2. Mohajan, Devajit & Mohajan, Haradhan, 2023. "Economic Aspects of Profit Maximization if Cost of Principal Raw Material Increases," MPRA Paper 117453, University Library of Munich, Germany, revised 22 Mar 2023.
    3. Mohajan, Devajit & Mohajan, Haradhan, 2023. "The Responses of an Organization for the Increase in Wage Rates: Profit Maximization Cases," MPRA Paper 118238, University Library of Munich, Germany, revised 10 Jun 2023.
    4. Mohajan, Devajit, 2023. "Ponderal Index: An Important Anthropometric Indicator for Physical Growth," MPRA Paper 118334, University Library of Munich, Germany, revised 13 Feb 2023.
    5. Mohajan, Devajit & Mohajan, Haradhan, 2023. "Effects of Various Inputs for Increased Interest Rate of Capital: A Nonlinear Budget Constraint Consideration," MPRA Paper 118134, University Library of Munich, Germany, revised 06 May 2023.
    6. Mohajan, Devajit, 2023. "Binge-Eating: A Life-Threatening Eating Disorder," MPRA Paper 118420, University Library of Munich, Germany, revised 09 May 2023.
    7. Mohajan, Devajit & Mohajan, Haradhan, 2023. "An Economical Study When Cost of Irregular Raw Materials of an Industry Increases for Nonlinear Budget Constraint," MPRA Paper 118176, University Library of Munich, Germany, revised 05 May 2023.
    8. Mohajan, Devajit & Mohajan, Haradhan, 2023. "Economic Investigation of Lagrange Multiplier if Cost of Inputs and Budget Size of a Firm Increase: A Profit Maximization Endeavor," MPRA Paper 117993, University Library of Munich, Germany, revised 07 May 2023.

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    More about this item

    Keywords

    3R Principle; China; Circular Economy; Economic Sustainability; Environmental Problems;
    All these keywords.

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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