China to get first centrally run recycling enterprise as Xi Jinping pushes green economy

President Xi Jinping calls China Resources Recycling Group, to be set up in Tianjin, a major step towards building a ‘low-carbon economy’

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Chinese President Xi Jinping has called on the new firm to “smoothen the utilisation chain of recycled resources”.
Photo: Xinhua

Published: 9:08pm, 18 Oct 2024

China is preparing to set up its first centrally run enterprise dedicated to resource reuse and recycling, with President Xi Jinping calling for redoubled efforts to promote the green economy.

A founding ceremony for the China Resources Recycling Group was held in the northeastern city of Tianjin on Friday, according to state news agency Xinhua.

Xi, who was on an inspection trip to the southeast, could not attend in person. But in a message quoted by Xinhua, he described the company as an important step towards building a “green, low-carbon and circular economy”.

“The China Resources Recycling Group must comprehensively, accurately and totally follow the concepts of new development, and fully implement and deepen the strategy of conservation in a comprehensive manner,” Xi was quoted as saying.

He also urged it to “be steadfast about recycling, turning waste into valuable resources”, and to take a “firm stance in driving innovation, promoting openness and cooperation”, as well as strive to “smoothen the utilisation chain of recycled resources”.

Xi’s message was delivered by Vice-Premier Zhang Guoqing. He and Tianjin’s Communist Party chief Chen Miner were among senior officials present at the ceremony, Xinhua reported.