On the 8th, Zhao Chenxin, deputy director of the National Development and Reform Commission, stated that it is necessary to accelerate the enhancement of recycling and circular utilization levels. Continue to support the construction of high-level circular utilization projects. Regulate the Trade of second-hand Commodities and accelerate the upgrading of the remanufacturing Industry. The central government will continue to allocate special funds to support the recycling and processing of discarded electrical and electronic products, promoting the healthy development of the Industry. Accelerate the implementation of the reverse invoicing system. 'Reverse invoicing' is a system innovation in the field of Circular Economy since the implementation of the 'Two New' policies. Previously, individuals sold waste products to recycling companies, and although the recycling companies paid money, they could not obtain VAT invoices from the individuals, which prevented them from enjoying input tax deductions. After implementing 'reverse invoicing', recycling companies can issue invoices to individuals, thereby achieving VAT input tax deductions, which also reduces the tax burden on recycling companies. Of course, while making this innovation, we also emphasize enhancing supervision and regulating the tax order of the resource recycling and utilization Industry. In the work of accelerating the improvement of circular utilization levels, there are other contents, including the implementation of special actions to promote the application of recycled materials, supporting production companies in the Autos, electrical and electronic products, to increase the proportion of recycled materials used.