In 2005, the State Council issued a programmatic document for China's development of circular economy - Several Opinions on accelerating the development of circular economy. The outline of the eleventh five year plan takes the development of circular economy as a major strategic task of the eleventh five year plan. The State Council held executive meetings and teleconferences to conduct special research and deployment on the development of circular economy. The national development and Reform Commission organized and held a national working conference on circular economy, made a comprehensive deployment for the development of circular economy, organized and implemented the national pilot of circular economy in conjunction with the State Environmental Protection Administration and other relevant departments, held a national working conference on the pilot of circular economy, and summarized the development model of circular economy in various industries. The 17th National Congress of the Communist Party of China listed the resource and environmental problems as the primary problems facing China, and put forward the goal of forming a large-scale circular economy and building ecological civilization, so as to further improve the development environment of renewable metal industry.

Under the organization and leadership of the finance and Economic Commission and the environment and Resources Commission of the National People's Congress, the newly revised energy conservation law has been officially promulgated, and the legislative work of the circular economy law is progressing smoothly. Supporting laws and regulations related to the development of circular economy are being formulated, and the regulations on the administration of recycling and treatment of waste electronic and electrical appliances will be promulgated soon. The national development and Reform Commission and relevant departments revised and adjusted the catalogue of comprehensive utilization of resources and revised and implemented the administrative measures for the identification of comprehensive utilization of resources encouraged by the state. We have increased the support of national debt and investment in the central budget for key projects in the development of circular economy. In 2007, the central government added 7 billion yuan of energy-saving incentive funds to support enterprises' energy-saving technological transformation by "replacing subsidies with awards". In 2008, the central government allocated 27 billion yuan of special funds to support the promotion of energy conservation and emission reduction. The State Council issued a notice on the establishment of a system of compulsory government procurement of energy-saving products, and relevant departments issued opinions on the implementation of government procurement of environmental labeling products. The continuous improvement of relevant policies has promoted the development of circular economy.

To accelerate the development of circular economy, we must thoroughly implement the spirit of the 17th CPC National Congress, take the scientific outlook on development as the guidance, reduce resource consumption, reduce waste discharge and improve resource productivity as the goal, take technological innovation and system innovation as the driving force, strengthen the construction of legal system, improve policy mechanisms and establish the concept of ecological civilization, Gradually establish a system of laws and regulations, policy support system, technological innovation system and effective incentive and restraint mechanism to promote the development of circular economy, and form a working mechanism promoted by the government, implemented by enterprises and participated by the whole society.