Chinese construction machinery industry has been developing rapidly for consecutive 6 years. In accordance with industry practice – the equipments need major overhaul after used for 5~8 years, so it means that the demand for second-hand construction machinery will increase significantly. According to relevant statistics, the trading volume of second-hand construction machinery in China has exceeded 100 billion Yuan in 2009, with an over 20% growth rate. Some industry experts believe that Chinese second-hand equipment industry will realize industrial management and form an industrial chain, which integrated with recycling, processing (maintenance, renovation, re-manufacturing), distribution, import and export as whole. However, without assessment criteria and clear property rights, Chinese construction machinery has not been entitled the right credit sales through bank mortgage and finance lease, which stop some high-qualified equipments entering market.
China “General Principles of Circulation and Technical Specification of Second-hand Equipment” has took effect on March 1, 2010. Chinese second-hand construction machinery will develop better in the future.
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