Miss Zhang and Mr Teng placed advertisement in paper anonymously offering their unborn baby then to anyone who was willing to pay 50,000 yuan (about £5,000).
When they received the money , which was deposited in their bank account, the couple went out on spending part of the money to buy an iPhone.
The unemployed couple, who have two other children, were also accused of using the money to purchase a number of luxury goods, clothes and shoes.
According to Shanghai's Jiefang Daily newspaper report:
They are understood to have told prosecutors that they were acting in their daughter's best interests, claiming they had hoped to find a home for her with a financially stable family who would be able to provide her with an education.
'We did not give the baby away for money but in order to give it more security,' they said.
But prosecutors said they believed the couple's bank records show they had hatched a 'sinister conspiracy' to profit from the sale of the baby.
One credit card bill is said to show that immediately after trading the child, the couple spent large amounts of money on the internet, including buying an iPhone and a pair of expensive trainers.
In an attempt to hide that they were behind the sale of a child, the couple tried to conceal the fact that Miss Zhang was pregnant and she had even gone to the length of giving birth at home.
They are said to have told neighbors that the baby bump during Miss Zhang's pregnancy was a tumor.
IPhones are a sought-after commodity in China and only last year seven people were jailed in Hunan province for their role in the purchase of a kidney from a teenage boy, who used the money to buy an iPhone and an iPad.
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