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EU's end-of-life vehicle goal 'within reach'

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'In the past 30 years, China has achieved phenomenal economic growth,' noted Prof. Duan Weng at last week's International Automobile Recycling Congress (IARC). But the latest GDP surge of approaching 8% last year could be described as a 'contradiction' between economic development and indigent resources, he warned delegates.

The speaker from Tsinghua University in Beijing noted that China produces more than 22 million cars every year and that around 2 million are discarded annually - a number which is rapidly increasing. However, the most striking statistic, he added, is that China's entire recycling industry accounts for 1% of GDP.

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