During a recent event, President Xi Jinping issued a significant directive regarding the establishment of the China Resource Recycling Group Co., Ltd. He emphasized that forming this company is a pivotal decision by the Central Committee, aimed at developing a green, low-carbon, circular economy and advancing the construction of a beautiful China. Xi stated that the new group should fully and accurately implement the new development concept, deeply engage in a comprehensive conservation strategy, and prioritize resource recycling and waste-to-resource initiatives. He also highlighted the importance of innovation-driven approaches and open cooperation to strengthen the resource recycling chain, create a national platform for functional resource recovery and recycling, and continually improve the quality and level of the national economic cycle. This initiative is intended to contribute positively to the modernization of China and the great rejuvenation of the nation.

Premier Li Qiang also provided feedback on this initiative, stressing the necessity to thoroughly implement the directives from the Central Committee and Xi’s important instructions. He called for a focused approach on national strategies and the development of a multi-layered, efficient resource recovery and recycling system. Li urged for a new round of large-scale equipment upgrades and initiatives to promote the exchange of old consumer goods. He emphasized the need for constructing a world-class resource recycling industry group to safeguard national resource security and foster high-quality economic and social development.

The inaugural meeting of China Resource Recycling Group Co., Ltd. was held on the morning of October 18 in Tianjin, where Zhang Guoqing, a member of the Political Bureau of the CPC Central Committee and Vice Premier, communicated Xi’s directives and Li’s remarks. He called for a comprehensive implementation of the spirit behind Xi’s instructions and the requirements from Premier Li. Zhang encouraged a focus on the core responsibilities of the group, reinforcing its functional positioning, and enhancing innovation in technology, management, and business models to streamline resource recycling processes and elevate recycling efficiency. He underscored the group’s role as a “national team” leader in driving the high-quality development of China’s resource recycling industry.

Chen Min’er, a member of the Political Bureau of the CPC Central Committee and Secretary of the Tianjin Municipal Committee, attended the inaugural meeting alongside officials from relevant central and local government departments, financial institutions, enterprises, and industry associations.