Abstract:With the promulgation of THE LAW OF PROMOTING CIRCULAR ECONOMY, the theory and practice of circular economy in China will go deeply from starting. This puts forward important challenges for research work. On the one hand, the paper emphasizes that it is necessary to further deepen research of related policies, so that the basic principle and requirements established by THE LAW OF PROMOTING CIRCULAR ECONOMY can be refined and opened up, and really implemented in various practice levels in China; on the other hand, the paper emphasizes that it is necessary to further conduct related theoretical research, so that the present circular economy based on the so-called 3R principles-"reducing, reusing and recycling would be further enhanced and depended on theoretical basis and academic mechanism. The paper puts forward the framework system and the development direction of deepening the study of circular economy from the three aspects-positioning, theory and strategy.