China urges development of second-hand markets

China urges development of second-hand markets

news.xinhuanet.com

BEIJING, March 15 (Xinhua) -- 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.

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I see this as a good thing (mostly). Maybe it will influence China to stop building crap that is designed to break as soon as warranty expires.

The cynic in me thinks they have figured a way to tax the transactions and generate revenue though, or maybe China just discovered ebay?

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.

news.xinhuanet.com
(visit the link for the full news article)