In order to improve the fluidity of polycarbonate (PC) material, polyethylene glycol (EG) was used as solvent to degrade the waste polyethylene terephthalate (PET) product as modifier to prepare PC composite modified by PET degradation product, and the test results were analyzed and discussed. The results demonstrate that the products of PET degradation reaction are mainly BHET and its oligomers. The addition of degradation products can effectively improve the melt mass-flow rate of the composite materials, it increases with the addition of the degradation product. It is found that when the mass ratio of m(PET)∶m(EG) in the degradation system is 1∶3 and the mass fraction of degradation products added to PC is 4%, the composite has the better comprehensive properties.