It is conjectured that the two closed bosonic string theories, type 0A and
type 0B, correspond to certain supersymmetry breaking orbifold compactifica
tions of M-theory. Various implications of this conjecture are discussed, i
n particular the behaviour of the tachyon at strong coupling and the existe
nce of non-perturbative fermionic states in type 0A. The latter are shown t
o correspond to bound states of type 0A D-particles, thus providing further
evidence for the conjecture. We also give a comprehensive description of t
he various type 0 closed and open string theories.