China has emerged as a major market for new and secondhand luxury products, but a sound industry standard has not been established yet.

中国跃升为增长潜力巨大的奢侈品和二手奢侈品主要市场，但是目前尚未建立完善的行业准则。

To this end, a professional committee for luxury products was established on March 25 by the China Entry-Exit Inspection and Quarantine Association.
为此，中国出入境检验检疫协会于3月25日成立了奢侈品专业委员会。

The committee aims to formulate industry standards and institutionalized communication mechanisms. By gathering experts, appraisal agencies and retailers, the committee hopes to unify appraisal standards and assess the range of valuation of certain products.
奢侈品专业委员会将业内专家、鉴定机构和零售商聚集到一起，共同制定行业规范，并建立行业制度化、规范化的沟通机制，希望能制定出行业内通用的奢侈品检验鉴定标准。

China has become the largest luxury consumption market globally.
中国已成为全球最大的奢侈品消费市场。

In 2021, sales of personal luxury products in China reached 471 billion yuan, up 36 percent year-on-year, according to a report by consultancy Bain & Co.
贝恩咨询公司的报告显示，中国个人奢侈品市场2021全年实现36%的增长，达到近4710亿元人民币。