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Dialogue: 0,0:00:00.24,0:00:05.88,Default,,0000,0000,0000,,So, as you can see from the\Nslide just in 2017 that is
Dialogue: 0,0:00:05.91,0:00:10.98,Default,,0000,0000,0000,,another milestone for the\Ncircular economy policies. So,
Dialogue: 0,0:00:11.10,0:00:14.88,Default,,0000,0000,0000,,there are actually several\Npolicies was released in that
Dialogue: 0,0:00:14.88,0:00:21.15,Default,,0000,0000,0000,,year. First, starting in\NJanuary, we can see the Extended
Dialogue: 0,0:00:21.15,0:00:26.70,Default,,0000,0000,0000,,Producer Responsibility, EPR,\Nwas put in place. So sectors
Dialogue: 0,0:00:26.70,0:00:31.74,Default,,0000,0000,0000,,like electronics, automobile,\Nbatteries, and the packaging
Dialogue: 0,0:00:31.74,0:00:38.61,Default,,0000,0000,0000,,products were chosen as\Npriorities. Next big step up was
Dialogue: 0,0:00:38.61,0:00:43.56,Default,,0000,0000,0000,,the circular economy development\Nleading action launched in May.
Dialogue: 0,0:00:43.74,0:00:49.17,Default,,0000,0000,0000,,And overall, it aims to take\Ncircular economy into account
Dialogue: 0,0:00:49.41,0:00:54.09,Default,,0000,0000,0000,,through a broader value chain\Nand leverage the digital
Dialogue: 0,0:00:54.09,0:00:58.74,Default,,0000,0000,0000,,revolution to achieve that.\NWhile we're speaking of the
Dialogue: 0,0:00:58.74,0:01:03.66,Default,,0000,0000,0000,,digital revolution we cannot\Nnot... we can't not mention the
Dialogue: 0,0:01:03.69,0:01:08.31,Default,,0000,0000,0000,,sharing economy in China. So\Nresponding to the booming
Dialogue: 0,0:01:08.31,0:01:13.32,Default,,0000,0000,0000,,sharing economy, the first\Nguideline on promoting sharing
Dialogue: 0,0:01:13.32,0:01:19.23,Default,,0000,0000,0000,,economy was released in July. It\Nacknowledged the new business
Dialogue: 0,0:01:19.23,0:01:24.12,Default,,0000,0000,0000,,model in China, which is a\Nservice over ownership and its
Dialogue: 0,0:01:24.12,0:01:28.83,Default,,0000,0000,0000,,potential for improving resource\Nefficiency and utilisation.
Dialogue: 0,0:01:29.49,0:01:34.35,Default,,0000,0000,0000,,Having said that, the sharing\Neconomy was actually booming
Dialogue: 0,0:01:34.38,0:01:39.42,Default,,0000,0000,0000,,even before all these policies\Nwere laid out. The best... the
Dialogue: 0,0:01:39.42,0:01:44.13,Default,,0000,0000,0000,,best known example probably is\NMobike, which was launched back
Dialogue: 0,0:01:44.13,0:01:49.11,Default,,0000,0000,0000,,in 2016. And has a reach even\Nbeyond China.