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Recycling a key element of new programme to boost economy

China is introducing a “replacement+recycling” programme aimed at stimulating its economy through implementing large-scale equipment updates and encouraging the exchange of old for new consumer goods, thereby boosting investment and consumption.

This requires a good combination of policies, promotion of a continuous increase in the proportion of advanced production capacity, an increase in the high-quality and durable consumer goods entering the public’s lives, the recycling of scrap resources, and significant improvement in the quality and level of national economic circulation.

The aim is to promote the updating and technological transformation of various production and service equipment; to encourage the trading of old for new consumer goods such as cars and household appliances, as well as durable consumer goods; the promotion of large-scale recycling and reuse; and strengthening the development of “replacement+recycling” logistics systems and new models. To exchange old for new consumer goods will require linkage between central and local governments, as well as co-ordination and support throughout all aspects of the entire chain.

Reducing logistics costs is important to improving economic efficiency, the starting point for which is to serve the real economy and the people, with the basic premise being to maintain a stable proportion of manufacturing industry mainly though adjusting the structure, promoting reform and effectively reducing transportation, warehousing and management costs.

The aim is to optimize the transportation structure, deepen reform of the comprehensive transportation system and form a unified, efficient and competitive logistics market. This includes optimizing main trunk lines and major channels, eliminating blockages and checkpoints, improving the modern commercial circulation system, and encouraging the development of new logistics models that combine with the platform economy, low altitude economy, unmanned driving, etc. Also covered are overall planning of logistics hubs, optimization of transportation infrastructure construction and major productivity layout, and vigorous development of air and port economies.