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China to develop circular economy


08:24, December 13, 2012

BEIJING, Dec. 12 (Xinhua) -- The State Council, or China's Cabinet, on Wednesday called for development of a circular economy while mapping out future tasks for boosting the country's green growth.

Establishing a circular economy is a major strategic task for China's economic and social development, and an important means to promote ecological progress and achieve sustainable growth, the cabinet noted during an executive meeting presided over by Premier Wen Jiabao.

The cabinet also urged more efforts to construct a nationwide industrial system that allows recycling of renewable resources and encourages green consumption.

The meeting passed the 12th Five-Year Plan on the development of the circular economy, which announces multiple tasks and measures for promoting the sector's development in the 2011-2015 period, according to a statement released after the meeting.

In the industrial sector, China will promote economical use of resources including energy, water and land, as well as waste exchange, the statement said.

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