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China urges development of second-hand markets
(Xinhua)
Updated: 2009-03-15 10:48 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.
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. (For more biz stories, please visit Industries)
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