“A scrapped vehicle can yield 0.7 tonnes of scrap steel. Through precision dismantling of the engine, nearly 50 types of recyclable materials can be recovered,“ said Zhang Guiyu, general manager of the company, adding that the company collaborates with resource recycling firms nationwide, particularly in the areas of copper and aluminum.

　　According to China's plan for circular economy development during the 14th Five-Year Plan (2021-2025) period, by 2025, the resource recycling industry system will be established, with the output value reaching 5 trillion yuan (about $697.3 billion).

　　To promote the development of the recycling economy, China established a centrally administered State-owned enterprise, China Resources Recycling Group Co., Ltd., in October 2024 in Tianjin.

　　“We focus on resource recycling in traditional sectors such as scrap steel, electronic and electrical products, non-ferrous metals, plastics, and textiles, while also accelerating our efforts in emerging fields like scrap power batteries, retired new energy devices, and scrapped motor vehicle dismantling,“ said Liu Yu, chairman of the company.

　　Recently, the company launched a mobile phone safe recycling and disposal project in Tianjin and Shantou city, in South China's Guangdong province. Consumers can send their mobile phones to the company for secure recycling by mail or opt for door-to-door collection. This process not only ensures the protection of personal information but also enables the extraction of rare and precious metals.

　　A staff member drives a cart to collect waste from households in Nankai district of Tianjin, North China, Nov 4, 2024. [Photo/Xinhua]

　　FLOURISHING CIRCULAR ECONOMY