As is known to all, China has experienced a rapid GDP growth in the past decade. Now, the country is facing a transition from a”world factory” to a
major hub of innovation and advanced technology. Such a period of change involves choices that are especially important when viewed against the backdrop of the Fourth Industrial Revolutions – in which technologies will merge into all aspects of the physical, digital and biological spheres – and the increasing drive to achieve a low carbon economy-circulating economy.
For decades, Chinese policymakers have been exploring ways to harmonize economic development and environmental conservation. The approval of the Circular Economy Promotion Law by the National People’s Congress in 2008 marked China as a frontrunner in circular economy legislation. The law was primarily focused on traditional 3R (reduce, reuse, and recycle) solutions such as municipal waste management, further use of industrial by-products (industrial symbiosis), and reducing emissions from production processes.
Cities have huge potential to reduce the negative environmental impacts of China’s economic development and can be a fertile ground for circular business activities. As such, they can act as prime agents to realize circular economy opportunities.
Circular economy opportunities in China's cities have been identified in five focus areas:
• Design for longevity
• Industrialize construction processes
• Share space to increase asset utilization
• Improve energy efficiency through ‘green buildings’
• Enhance productivity with ‘smart buildings’
• Scale up reuse and recycling of construction and demolition waste
• Facilitate multi-modal shared mobility
• Scale up remanufacturing and use more recycled materials
• Design vehicles to fit a circular mobility system
• Scale up zero emission forms of propulsion
• Encourage remote and flexible working
• Regenerate soil with urban food waste and wastewater
• Expand business models that promote effective agricultural supply chains
• Optimise food storage, transport and processing
• Design out loss and waste of food in the retail system
• Reinforce food consumption patterns beneficial to health and the environment
• Pursue business models that increase utilisation of durable textiles
• Scale up recycling
• Introduce resource efficiency measures
• Capture the value of e-waste through recycling
• Reuse and refurbish products, and remanufacture parts
• Encourage product-as-a-service models
These circular economy opportunities for China’s cities have the potential to yield savings of CNY 32 trillion (USD 5.1 trillion) in 2030 and CNY 70 trillion (USD 11.2 trillion) in 2040, compared with the current development path.ii To put this into perspective, these cost savings amount to around 14% and 16% of China’s projected GDP in 2030 and 2040 respectively.
Strategia & Sviluppo Consultants a has long year partnership with China Association of Circular Economy and China Industrial Solid Waste Network, who together have more than 7,000 member companies around China. If any company Italian is willing to introduce any advanced technology related to the five areas mentioned upwards, we would like to help you to find the market and the partner in China.
Please, feel free to contact our China Desk Consultant, Dan Li: firstname.lastname@example.org
ONE more interesting thing is that this year in May one of the biggest forum in circulating economy is going to be held in Beijing, China. As we are the exclusive partner in Italy cooperated with the founder, China Industrial Solid Waste Network, we are pleased to invite you to China to attend this great opportunity. When the time comes, there will be around 1000 companies in the area to attend. What is more, we will co-hold a sub-forum especially for Italy. The Italian companies could present themselves on the sub-forum for FREE. The seats are limited. If you are interested, please click here:
Strategia & Sviluppo Consultants