chinadialogue | 30 October 2018
China could see big improvements in air quality, a reduction in carbon emissions and huge savings for business and households worth 32 trillion yuan (US$5.1 trillion) by 2030 if it moved to a circular economy, according to a recent report from the Ellen MacArthur Foundation.
As China’s economy grows people are consuming a lot more. In urban areas, the amount people spent increased four times in real terms from 1995-2014 to about 17,000 yuan (US$2,700) a year, says the report. This will grow even more as rapid urbanisation continues.
Read the full article here: A circular economy could save China five trillion dollars.