China has officially launched exports of secondhand cars, with Beijing, Tianjin and Shanghai among the first batch of 10 regions allowed to export the vehicles.
Aerial View of New cars parked Tianjin Harbor
The 10 regions are Beijing, Tianjin, Shanghai, Guangdong province, Taizhou in Zhejiang province, Jining and Qingdao in Shandong province, Chengdu in Sichuan province, Xi'an in Shaanxi province , and Xiamen in Fujian province.
A man walks through a used car sales yard in Beijing
According to the China Automobile Dealers Association, about 13.82 million used cars were traded in China last year, less than half of the new vehicles sold.
Compared with developed countries where sales of second hand cars are usually twice the number of new car sales, China's used vehicles exports market has huge growth potential.