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China plans to expand volume of high-end, smart remanufacturing industry to $30B by 2020

By Sun Wenyu (People's Daily Online)    17:29, November 22, 2017

China will expand the volume of its high-end and smart remanufacturing industry to 200 billion RMB ($30.3 billion) by 2020, according to a plan issued by the Ministry of Industry and Information Technology (MIIT).

The plan gives priority to the remanufacturing of key equipment, including medical imaging equipment, heavy machine tools, and oil and gas field equipment, as well as the application of common types of green technologies, including additive manufacturing, special materials, intelligent processing, and non-destructive testing in remanufacturing.

The plan has set ambitious goals. By 2020, China will make a series of breakthroughs in key generic technologies of disassembly, testing, and contour machining, set 50 standards on management, technologies, equipment, and evaluation of high-end smart remanufacturing, and preliminarily establish a replicable market-based mechanism for remanufactured products.

In addition, the country will establish 100 model enterprises, research centers, service providers, information platforms, and industrial hubs to further expand the volume of remanufacturing.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Hongyu, Bianji)

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