Firstly, it is pointed out that circular economy should be vigorously developed in the Nansi Lake Drainage Area, and the connotation of circular economy is expounded. Then, problems in developing circular economy in Nansi Lake Drainage Area are analyzed from the aspects of agriculture, industrial enterprises, and waste utilization. Finally, combining with the four modes of peasant household, enterprise, region and society in the development of circular economy, corresponding countermeasures are put forward for the circular economy in Nansi Lake Drainage Area, such as establishing the government guidance mechanism for big agriculture circular economy in Nansi Lake Drainage Area, constructing incentive systems for industrial enterprises adopting circular economy in Nansi Lake Drainage Area, adjusting the industrial structure of Nansi Lake Drainage Area, and optimizing the energy consumption structure.