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NPC issues new circular economy law
03
Sep '08
The Standing Committee of the 11th National People's Congress (NPC) of China held its fourth session, recently, where it passed the a law to promote circular economy. This law will be put into effect from 1 January 2009.

The aim of the law is to boost sustainable development through energy saving and reduction of pollutant discharges.

According to the law making authorities and Government, departments are required to adopt renewable products in new buildings, such as solar and geothermal energies.

Meanwhile, enterprises have been ordered to recycle and make comprehensive use of coal mine waste, coal ash, and other waste materials.

Sources say that the law aims at decreasing resource consumption, and extracting maximum benefit by transforming waste material into something useful.

Experts believe that this is a significant step in establishing an energy-saving and environment-friendly society.

Under the law, the government will closely monitor over high-consumption and high-emission industries, including oil refineries and printing sectors.

Companies and government departments that employ technologies, equipment and material that are prohibited will face fines of 50,000 yuan to 200,000 yuan.

Plans to map out a system for recycling and improve energy-saving and waste-reutilization standards have been made.

Government also emphasized, this new law would apply to not only all Chinese enterprises, but also to all Hong Kong-funded, Taiwan-funded and foreign-funded enterprises located in China Mainland.

Fibre2fashion News Desk - China

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