The promulgation and implementation of this standard filled the gap in China's used equipment circulation appraisal and valuation practice, which previously had no standards or basis. It plays an important guiding role in establishing a professional workforce for the appraisal and valuation of used equipment as current assets in China, standardizing appraisal and valuation practices, cultivating and building a high-quality talent pool for the used equipment appraisal and valuation industry, and promoting the healthy development of the used equipment circulation industry. It also provides a highly important basis for selecting and training appraisal and valuation personnel with both integrity and professional competence, and for standardizing and developing China's used equipment appraisal and valuation industry.

    At present, domestic sales of used construction machinery generally fall into three categories: first, internal absorption through dealers' own channels; second, handling through used equipment distribution markets such as those in Tianjin and Shenzhen; and third, auctions through third-party platforms such as Yiji and Ritchie Bros. Among these, the third method gained strong momentum in 2013 and achieved good results.

    The following is related news about used equipment auctions conducted in 2013 by third-party platforms such as Yiji and Ritchie Bros.:

    On December 19-20, 2013, the Fourth China Used Equipment Circulation Industry Development Forum, themed "Strategic Transformation and Efficiency Improvement of Enterprises under New Circumstances," was grandly held at the New Century Nikko Hotel in Beijing. The forum was jointly hosted mainly by the Equipment Leasing and Used Equipment Professional Committee of the China Secondhand Goods Industry Association, the Shanghai Leasing Association, and the Zhejiang Leasing Association. Representatives from relevant manufacturers, agents, financial institutions, investment institutions, and other enterprises, as well as friends from more than 20 industry media outlets, attended the forum.    

    The successful convening of this forum is of great significance to the development of China's current used construction machinery market. This is because, on the one hand, China's manufacturing industry, especially the construction machinery manufacturing industry, has entered an era of medium-to-low-speed development; the model of winning through scale is quietly fading, and increasing scientific and technological investment and enhancing aftermarket service capabilities have become the path to transformation and upgrading for major construction machinery enterprises. On the other hand, Chinese society today is still filled with the melody of construction and development. As projects continue to launch, demand for construction machinery has intensified, creating ample space for the buying, selling, and leasing of inexpensive used equipment. Today's Chinese used equipment market is also a market with relatively chaotic operations: market rules are chaotic, business models are singular, management mechanisms of used equipment operating companies are outdated, and gray transactions have become the mainstream of the market. Taking construction machinery as an example, because most users lack professional appraisal ability when purchasing used equipment, cases of passing off inferior goods as superior often occur. After customers make a purchase, they find that mechanical performance is greatly reduced. Coupled with imperfect after-sales service, once a failure occurs, maintenance costs and parts purchase costs remain high.

    The successful holding of the Fourth China Used Equipment Circulation Industry Development Forum, themed "Strategic Transformation and Efficiency Improvement of Enterprises under New Circumstances," was intended to publicize and implement the ten used equipment quality appraisal standards issued by the Ministry of Commerce. With this as the main thread, the forum focused on discussing feasible models for used equipment operations, the necessity of establishing a used equipment appraisal and evaluation standard system, and its role in promoting the healthy development of the used equipment circulation industry. At the same time, it analyzed changes in business models after the comprehensive replacement of business tax with value-added tax, the opportunities these changes bring to the industry, and provided ideas for enterprises' strategic transformation and competitiveness improvement.

    As the used equipment market grows increasingly large, a used construction machinery trading platform that is credible, formal, strictly regulated, well supplied with equipment, and more transparent has become an increasingly urgent issue to resolve. It is hoped that with the gradual improvement of used market trading systems and the continuous strengthening of national supervision over the used market, the used equipment market will achieve healthier and more orderly development.