Fundamentals

🇪🇺🇨🇳 China and EU signed ‘historic’ memorandum about the circular economy

At the 20th EU-China Summit in Bejing this week recycling was one of the core topics. Co-operation by the two major world economies is said to cover sustainable strategies, legislation, policies and research. More specifically, it will focus on management systems and policy tools including eco-design, eco-labelling, extended producer responsibility and green supply chains as well as financing of the circular economy. Both sides have pledged that they will support a ‘strategic exchange’ on best practices in key fields such as industrial parks, chemicals, plastics and waste.

This confirms the road China is heading towards sustainability. In January 2017, Xi Jinping announced to spend 252 billion Yuan (US$ 37 billion) from 2017 to 2020 for improving the waste situation in his country.

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