Waste electrical and electronic equipment (WEEE) is a rapidly growing category of solid waste. China is now facing WEEE problems from both growing domestic generation and illegal imports. Currently, the amount of WEEE formally treated has increased steadily in China. The layout of the formal sector has been basically completed. Meanwhile, by controlling illegal disassembly activities, the informal sector has been gradually transformed to formal one. Beginning with the overview of the WEEE recycling industry in China, this paper first lists the latest progress in WEEE management from such aspects as the new edition of China RoHS Directive (Restriction of Hazardous Substances Directive), the updated WEEE Treatment List, the updated WEEE fund standard, the revised National Hazardous Waste List, and a brand-new plan on extended producer responsibility. In so doing, we elucidate the current challenges on WEEE management in detail: the imbalance between fund levies and subsidies, the gap in the supervision scope, the homogenization of recycling industry and the lack of life cycle approaches. Finally, a conceptual framework for integrated management of WEEE is proposed from a life cycle perspective. Overall, the life cycle management of WEEE includes three aspects: developing life cycle information for decision-making, implementing life cycle engineering with life cycle tools, and improving WEEE legislation based on life cycle thinking. By providing specific operating strategies, this life cycle framework should help to optimize WEEE management in developing countries where legislation is imperfect and the recycling system is relatively immature.