The Essence of a Recycling Economy: Circular Utilization of Resources

Abstract

By analyzing the relationship between a recycling economy and sustainable development theory, this article puts forward the basic concept of a recycling economy as a dynamic economic operational model, and explains the four basic characteristics. It is stressed that the essential element of a recycling economy is the use of resources circularly. In the end, this article analyzes the phenomena of utilizing the recycling economy concept incorrectly, and sets forth a number of problems that should be noted during the process of developing a recycling economy in China.