It is reported that the National Development and Reform Commission signed a letter of intent with the world's largest machinery manufacturer Caterpillar in Beijing on the 14th. In the future, the two sides will cooperate in the Chinese remanufacturing industry to promote the development of China's circular economy. The signing of the letter of intent marks the birth of a new industry in China.

     According to the letter of intent for Sino-US cooperation, Caterpillar will support the development of China's remanufacturing industry by providing expertise to the National Development and Reform Commission and Chinese research institutions. Caterpillar and the National Development and Reform Commission also agreed to form a remanufacturing project cooperation team to discuss related matters in detail and coordinate the cooperation projects. Promote further cooperation between the two parties in areas such as sustainable remanufacturing.

      Zhao Jiarong, director of the Ministry of Resources Economy and Environmental Protection of the National Development and Reform Commission, said that remanufacturing is an advanced form of resource recovery and uses advanced clean technologies. Maintenance technology and surface treatment technology enable waste electrical and mechanical products to achieve the same performance as new products, extend the service life of products, not only make full use of the secondary resources contained in waste products, and save energy, water and raw materials required to manufacture new products , Reduce the extraction of primary resources, and facilitate maintenance and reduce costs. She pointed out that although the new concept of remanufacturing is not widely known in China, China has great potential to develop the remanufacturing industry.

      A large number of waste mechanical and electrical products in China provide conditions for the development of the remanufacturing industry. Take cars for example. Beijing alone added nearly 400,000 vehicles last year and has increased more than 200,000 since this year. In 2005, there were nearly one million used cars in the country, and the market potential was huge. Zhao Jiarong also revealed that on the basis of in-depth research on the development of domestic and foreign remanufacturing industries in the first half of this year, the National Development and Reform Commission adopted measures to develop China's auto parts remanufacturing industry. At present, the National Development and Reform Commission is studying a pilot project for the remanufacturing of auto parts. Based on the summary of the pilot projects, in the future policy year, standards and regulatory systems to promote the development of the remanufacturing industry will be formulated. Urging enterprises to develop better is also an innovation and environmental protection for the hardware industry.