Published on 12.09.2014
China News - Why China is embracing the circular economy
The Chinese economy has grown rapidly and created tremendous wealth. Nominal GDP has grown 7.5 times between 2000 and 2013. Total household income has about doubled between 2005 and 2012 alone and stands to more than triple between 2012 and 2030.
By 2030, the upper middle class will make up more than half of urban households. However, this rapid growth puts a tremendous strain on resources. China’s growth demands a strong supply of raw materials, water, energy, and food, among others. One potential remedy to resource supply constraints and consequently high resource prices and volatility...
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