New Recycle Economic Theory Direct Technology Innovation and the Sustainable Development of Beijing

The recycle economy is the first stage of knowledge economy. In March 2005, the author attended the forum of 'Festival of Thinkers' in the capital of United Arab Emirates, Abu Dhabi. Through five day' discussing with 10 Nobel Prize winners and 18 thinkers from five continents, the conception of Recycle Economy is regulated. The former principle of '3R' in clean production has been expanded to '5R' in new recycle economy, adding concept of 'rethink' and 'repair' to the 'reduce, reuse and recycle' This article makes a full exposition to the origin, contents and its innovation to the classical western economics of the new recycle economics. Before the 2008 Beijing Olympics, the article discusses the application of new recycle economy in terms of promoting the ability of national innovation system and independent innovation, city construction and the industry innovation concerning Beijing's features.