BEIJING, Aug. 8 (Xinhua) -- China's second-hand vehicle market is expected
to get a new lease of life with a slew of policies likely over the next few
months, thanks to the record sales of new vehicles in the past few months and
the stimulus measures announced by the central government.
"The long-expected policies will come out soon, which will regulate and
encourage the second-hand vehicle trade in China. The era of second-hand
vehicles is coming," Shen Rong, deputy secretary-general of the China Automobile
Dealers Association, was quoted by China Daily on Saturday.
Shen said the Ministry of Commerce has worked out a policy jointly with the
Ministry of Finance to establish standard second-hand vehicle trading markets in
10 cities and provinces from this month forwards.
The locations include Beijing, Tianjin, Shanghai, Shenzhen, Jiangsu
Province, Zhejiang Province, Hubei Province, Shandong Province, Jiangxi Province
and Liaoning Province.
The local governments should submit their detailed plans before Aug. 31 and
finish the construction of the national standard second-hand vehicle market
before July 2010, Shen said.