Second time a charm for used gadgets--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
Used goods sector a growing phenomenon By FAN FEIFEI | China Daily | Updated: 2021-02-05 10:50 Share CLOSE Customers wait in the rest area of an All Things Renew outlet in Shanghai to recycle their goods. [Photo by DING LEI/FOR CHINA DAILY]
Recycling economy becoming big hit among environmentally conscious youth, those wishing to make most of purchases
Wang Hao, 27, an engineer from a software company in Beijing, is a pen aficionado. He usually buys and sells the writing instruments on Xianyu, a popular customer-to-customer platform in China for trading secondhand goods run by Alibaba Group. I love collecting various types of pens with unique designs and excellent workmanship, such as Lamy, Montblanc, Parker, Sailor, Duke and Hero. The new ones are often very expensive, and I just use them for a short period of time and switch to another one, Wang said.
In Depth: How Ethylene Glycol Led to the Yongcheng Coal Default
A worker holds a bottle of ethylene glycol made in a factory in Guizhou.
The surprise default that threw China’s corporate bond market into turmoil last month can be traced to massive, unprofitable investments a decade ago in ethylene glycol, a toxic but useful industrial chemical that Chinese factories consume in vast quantities.
The business case seemed sound in 2010 for the state-owned coal mining operations of central China’s Henan province to diversify into the product, which can use coal as a raw material. But the leader of