A wireless power transmission system includes: an electrical energy-receiving oscillation circuit including an electrical energy-receiving coil L2 and a compensation capacitor C2 connected in series, the electrical energy-receiving coil L2 sensing an alternating magnetic field and generating an induction current accordingly; a rectifier circuit connected to two ends of the electrical energy-receiving oscillation circuit; and a modulation circuit including multiple modulation sub-circuits, each of the modulation sub-circuits being separately connected to the electrical energy-receiving oscillation circuit, and the modulation circuit receiving a drive signal used to select a modulation sub-circuit matching a power level of a load of the wireless power transmission receiving circuit to operate, and the modulation sub-circuits receive, during a communication process, a communication signal and load the communication signal on a carrier signal to perform modulation.