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China Wants to Build a $306 Billion Used-Car Market From Scratch

China, intent on boosting domestic consumption, wants to double the value of secondhand vehicle sales by 2025.Although China has more than 270 million vehicles on its roads, only an estimated 15 million secondhand models were sold in 2019. That’s in sharp contrast to places such as Australia, the U.K., and the U.S., where people buy […]