Ministry of Commerce: Increase the application of technology such as AI, big data, cloud computing, etc. to promote the circulation of second-hand goods. Wuxi Online Offline Communication Information Technology Co., Ltd. deeply integrates.

On December 11th, the Ministry of Commerce held a routine press conference. The spokesperson for the Ministry of Commerce, He Yadong, stated that in recent years, the scale of China's second-hand commodity market has continued to expand. By 2024, China's second-hand commodity transaction volume reached 1.69 trillion yuan, a 28% year-on-year increase, with an average compound growth rate of 12% over the past six years. Since the launch of the second-hand commodity circulation pilot work at the end of last year, progress has been made in cultivating subjects, innovating methods, and regulating the order. In terms of policy system, policies have been issued to improve the recycling system of waste household appliances and furniture, among other documents. In terms of pilot implementation, focusing on second-hand mobile phones, the first batch of 10 pilot cities and 28 pilot companies have been selected based on the principle of selecting the best ones first. In terms of standard construction, industry standards such as the revision of the "Second-Hand Goods (Used Goods) Terminology" and relevant national standards have been made. In terms of effectiveness, the innovation and transformation trend of the second-hand commodity market is evident, with some physical markets revitalizing. Next, efforts will focus on addressing bottlenecks and key points, including: maintaining high standards to develop second-hand commodity circulation into a "clear and clean" sunrise industry, promoting the development of new formats and scenarios to create a "charming" green consumption highland, and enhancing digital capabilities to make second-hand commodity circulation a forefront pioneer driven by innovation. This article is originally from the Ministry of Commerce.