BEIJING, May 7 (Xinhua) -- China has launched exports of second-hand vehicles in an effort to energize its domestic auto industry and further push forward the steady growth of the country’s foreign trade.
Luo Lei, deputy secretary-general of China Automobile Dealers Association (CADA) , pointed out that the kickoff of second-hand car exports is of great significance to the development of the country’s auto industry.
According to China’s Ministry of Commerce (MOC), the move is deemed as a milestone event in the history of China's auto industry. The launch of second-hand vehicle exports is an important measure for the steady growth of foreign trade, and a crucial way to deepen the cooperation under the Belt and Road Initiative and to accelerate the high-quality development of foreign trade.
In 2018, about 13.82 million second-hand automobile were traded in China, less than half of 28.08 million new vehicles sold in the year, statistics from CADA showed.
The second-hand vehicle export market has huge growth potential, according to CADA.
Luo also noted that the launch of second-hand vehicles will undoubtedly stimulate new car consumption and thus further propel the sustainable development of the national economy.
Cui Dongshu, secretary-general of the China Passenger Car Association (CPCA), said that countries along the Belt and Road route will become one of the key markets for the second-hand vehicle exports, as these countries have robust demands for high-quality and low-priced used cars.
It is learned that about 10 provinces and cities including Beijing, Tianjin, Shanghai, Taizhou in Zhejiang province, Jining in Shandong province, Guangdong, Chengdu in Sichuan province, Xi'an in Shaanxi province, Qingdao in Shandong province and Xiamen in Fujian province, are allowed to export second-hand vehicles as the first batch of regions to conduct such trade.
The MOC will join hands with the Ministry of Public Security and the General Administration of Customs to improve regulations and services to support the sector.
(Edited by Yang Yifan, email@example.com)