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China's machinery equipment and car scrappage are facing rare opportunities
Oct 17, 2016

Recent international remanufacturing industry (Shanghai) Summit Forum was held in Shanghai, reporters at the Forum was informed that in 2010 China's remanufacturing industry production value of about 2.5 billion yuan, is expected in 2015 will reach 50 billion yuan. China has entered a peak of machinery and equipment and automotive scrap, remanufacturing industry is facing rare opportunities for development. According to estimates, the national tradition of conscription age for more than 10 years old machine more than 2 million units, 80% of the machine in service over the warranty, waste about 5 million cars, if 10% of remanufacturing, scale of output will exceed the billions of Yuan, the potential is enormous.