Quality standards for used durables: An indirect subsidy?

We construct a theoretical framework to study the impact of quality standards for used durable goods on trade ?ows, pro?ts and consumer welfare. We show that asymmetric quality standards generate trade in used goods from high- to low-standard countries while at the same time reducing trade in new goods. Producers in the exporting country bene?t from this change while consumers lose. In the importing country consumers are better off but domestic industry is hurt. These ?ndings suggest that quality standards on used goods may be a powerful policy tool whose use should be monitored by the WTO.     

Star River Second Phase Offering with Low Profile and Higher Quality——Featuring ready-made model units, thematic water scenes, and master-level delivery standards

The widely expected phase two project of Beijing Star River will open its phase two model units to the public on Oct. 19, and by then Beijing Star River, which has long been regarded as the paradigm of good residence, will unveil its long-awaited phase two offering. The reporter took the lead to pay a visit to the phase two model units recently. The fully innovated phase two products are still ready-made residence, and the quality is even higher.