Recycling economy

Author: Chen Shiqing
Publisher:
Publish Date: 2005-05-01
Features: Innovation determines a company's R&D level and product innovation capability, as well as the value created in its business operations. In the corporate value chain of R&D—procurement—production—sales—customer service, innovation is at the top of the value chain, serving as a decisive link and the foundation for controlling other segments. Economics is not merely a theory of resource optimization allocation but also a theory of resource optimization allocation and optimization regeneration. Optimization allocation is the means, while optimization regeneration is the purpose. Regenerative economy is the core connotation of the knowledge economy, its primary form, and the economic foundation for the paradigm shift of economics. For a company to extend its life cycle, it must adopt regenerative business practices. For a society to achieve sustainable development, it must implement regenerative economy. Innovation is the soul of a nation precisely because only innovation can regenerate, and only regenerative economy can ensure sustainable societal development.