Leader at the 20th EU-China Summit currently taking place in Beijing have signed a Memorandum of Understanding on the Circular Economy.

The deal between world’s biggest economies could herald a new era for the circular economy, with the pair perfectly placed to establish joint frameworks, standards and policies that can build a robust ecosystem capable of more effectively tackling global challenges – like the scourge of plastics.

Dame Ellen MacArthur

“China has long been a pioneer of circular economy policies and practices, and Chinese cities are hubs of circular economy innovation. Transition to a circular economy presents China’s cities with significant opportunities to create new value, economic growth, and further drive that innovation, while becoming more liveable for citizens. Collaboration and sharing of knowledge and best practices are key to unlocking these opportunities. Closer alignment on the circular economy between China and the EU is a significant step, paving the way for a global shift towards an economic system that works for business, people and the environment,” said Dame Ellen MacArthur, Founder, the Ellen MacArthur Foundation.

Watch the video below, uploaded to the Ellen MacArthur YouTube page, with Yang Chun Ping (Director for Circular Economy at the Institute of Economic System and Management, NDRC) in conversation with Joss Bleriot, Executive Officer at the Ellen MacArthur Foundation’s 2018 Summit.