A model for economic growth which aims at environmental protection, pollution prevention and sustainable development.

Under this model, resources are used with higher efficiency and reused and recycled when possible, so that pollution is minimized and waste is reduced as much as possible. It also involves the transformation of industrial organization and allocation, urban infrastructure, environmental protection, technological paradigms, and social welfare distribution.

An important part in China's effort toward sustainable development, circular economy was officially raised as a target for China's future growth in 2004. The State Council issued a file about promoting it in July 2005, making it a key guideline in the 11th Five-Year Plan and to achieve the specific goals in energy conservation and pollution reduction before 2020.

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拍卖成交价 hammer price

利率上调 rate hike

高附加值商品 high value-added commodities

财富效应 wealth effect

（英语点津 陈丹妮 编辑）

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