To improve the low e-waste recycling rate, the Chinese government has introduced a series of intervention measures. However, the effectiveness of government intervention measures is controversial. This paper constructs a system dynamics model to study the impact of Chinese government intervention measures on e-waste recycling from a holistic perspective. Our results demonstrate that the current Chinese government intervention measures do not promote e-waste recycling. By studying the adjustment strategies of government intervention measures, it can be found that the most effective adjustment strategy is to increase government policy support while increasing the punishments for recyclers. If the government only adjusts a kind of intervention measures, it is better to increase punishments than to increase incentives. And increasing the punishment for recyclers is more effective than increasing the punishment for collectors. If the government chooses to increase incentives, then the government should only increase policy support. This is because increasing the subsidy support is ineffective. •The current Chinese government intervention measures are ineffective.•Increasing punishment for recyclers while raising policy support is most effective.•Increasing punishments is more effective than increasing incentives.•If increasing incentives, the government should only increase policy support.•Increasing the subsidy support is ineffective.