China produces an average of more than 400 million used mobile phones every year. After mobile phones are discarded, about 54.2% are left idle by consumers.

Only about 5% can enter recycling channels such as professional used mobile phone recycling platforms and “old-for-new” activities. The State Council executive meeting reviewed and approved the "Action Plan for Promoting Large-Scale Equipment Updates and Trade-In of Consumer Goods" (hereinafter referred to as the "Plan")