China Scrap Vehicle Recycling Market Report 2021-2025: Due to COVID-19 – Chinese Government has Issued a Series of Measures to Encourage Scrapping Old Cars & Encourage New Car Sales


Source: globenewswire.com globenewswire.com

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February 09, 2021 08:38 ET | Source: Research and Markets Dublin, Feb. 09, 2021 (GLOBE NEWSWIRE) -- The "Research Report on China's Scrap Vehicle Recycling Industry, 2021-2025" report has been added to ResearchAndMarkets.com's offering. The Chinese government provides that a vehicle should be sent to a qualified enterprise for dismantling and scrapping when it runs for 600,000 kilometers. And scrap vehicles' engines, steering gear, transmission, front and rear axles and frame are forbidden to be sold illegally and should be recycled as scrap metal. The vehicle owner can get the residual value of the recycled scrap metal. However, this provision...