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Revolutionize Green Development

Xi Jinping Emphasizes the Formation of China Recycling Resources Group Co., Ltd. to Boost Green Development

5 Bold Steps by Xi Jinping to Revolutionize Green Development with China Recycling Resources Group

President Xi Jinping calls for the creation of China Recycling Resources Group to enhance the circular economy, promoting green development and resource conservation in line with China’s modernization goals.
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President Xi Jinping has issued an important directive regarding the formation of China Recycling Resources Group Co., Ltd., highlighting it as a crucial step by the Central Committee of the Communist Party of China to establish a green, low-carbon, and circular economy. The initiative aims to advance the construction of a “Beautiful China” through resource recycling and the transformation of waste into usable materials.

Xi emphasized that the newly formed group should fully implement the new development philosophy, focusing on resource conservation, innovation-driven approaches, and open cooperation. It should work to streamline the resource recycling chain, creating a nationwide platform for resource recovery and reuse. This move will improve the quality and efficiency of China’s circular economy and contribute to the country’s broader goal of modernization and national rejuvenation.

Premier Li Qiang also supported the directive, stating that the group should establish a multi-layered, high-efficiency recycling system and spearhead initiatives such as equipment upgrades and trade-in actions for consumer goods. This is expected to bolster national resource security and support high-quality economic development.

The founding ceremony for China Recycling Resources Group Co., Ltd. took place on the morning of October 18 in Tianjin, where Vice Premier Zhang Guoqing conveyed Xi Jinping’s directive and Li Qiang’s instructions. He stressed the need for technological innovation, management reforms, and new business models to enhance the efficiency of resource recycling and help the industry play a leading role in the country’s sustainable development.

The event was attended by key figures, including senior officials from national and local governments, financial institutions, and enterprises.

Source: Xinhua Finance, October 18, 2024

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