Home / Business / Retail Tools: Save | Print | E-mail | Most Read | Comment
China urges development of second-hand markets
Adjust font size:

China's Ministry of Commerce (MOC) has urged local governments to promote development of second-hand commodity markets to stimulate economic growth and increase employment.

The ministry said in a recent circular that local governments should strive to build a batch of big second-hand commodity markets in large and medium-size cities.

It said the development of second-hand markets meets the country's target of building a resource-saving and eco-friendly society, will help reinvigorate company inventories, meet consumers' demand, increase job opportunities and raise incomes of migrant workers and laid-off workers in cities.

The circular required local commerce administrations to take effective measures to promote construction of a second-hand goods circulation network, in a bid to improve the country's consumption structure.

It required local governments to standardize management of big second-hand markets and make them competitive globally. It also encouraged home appliance companies and large retailers to engage in second-hand commodity trade.

It suggested people engaged in second-hand goods trade should have professional training and noted that all second-hand goods being sold must bear special marks put forward by the country's second-hand industry association.

(Xinhua News Agency March 15, 2009)

Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- Premier: China to boost second-hand auto market
- Shanghai sees 27% plunge in second-hand home deals
- Second-hand housing index rise mildly in Shanghai
- Second-hand market
- Shanghai's second-hand home index grows slowly

Mar.20, Shanghai Lipper Funds Awards
Mar.21-22, Beijing Anti-monopoly Law Symposium
Mar.27, Beijing The 4th Annual China Fund Summit
Apr.11-12, Beijing The Fifth (2008) 'Gold Prize of Round table'of Chinese Boards of Listed Company
Apr.20-23, Beijing Green Transformation: Forcast New Business Culture

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?