So, as you can see from the
slide just in 2017 that is

another milestone for the
circular economy policies. So,

there are actually several
policies was released in that

year. First, starting in
January, we can see the Extended

Producer Responsibility, EPR,
was put in place. So sectors

like electronics, automobile,
batteries, and the packaging

products were chosen as
priorities. Next big step up was

the circular economy development
leading action launched in May.

And overall, it aims to take
circular economy into account

through a broader value chain
and leverage the digital

revolution to achieve that.
While we're speaking of the

digital revolution we cannot
not... we can't not mention the

sharing economy in China. So
responding to the booming

sharing economy, the first
guideline on promoting sharing

economy was released in July. It
acknowledged the new business

model in China, which is a
service over ownership and its

potential for improving resource
efficiency and utilisation.

Having said that, the sharing
economy was actually booming

even before all these policies
were laid out. The best... the

best known example probably is
Mobike, which was launched back

in 2016. And has a reach even
beyond China.