• Automobile Tet Free, 2.5 Billion Changing Fee Began in Beijing

    Wang Haiping, the director of Beijing development and reformation has said publicly that the Beijing government would invest 6 billion yuan to accelerate the ability of domestic consuming. This plan included smoothing the current transportation, investing half the total money to revise. As the data of the development and reformation indicated that the cost of transportation building would total 2 billion yuan. Auto motor and mix driven buses would cost 0.5 billion yuan to form the Beijing green labeled bus team.

    For this abundant investment, it not came out for no reasons. The global financial crisis has influenced people’s consuming plans largely focusing on whether buying their personal cars or not. Although some salesmen lowered their prices to attract the consumers, yet more and more consumers would rather choose to save their money and take care about their spending. The phenomena, so called golden September, silver October, have not come out significantly.

    In 2008, in the background of the slack automobile market around the world, Chinese could also escape from that.

    As the statistics indicated, the auto exchanges reached to 28 thousand in Beijing in august, decreasing by 4.5 with 23 thousand than last month. Comparing with the same time last year, 7.5 thousand has decreased with a proportion of 21%. It was said that the sales has reduced one third in July comparing with the amount in august. The monthly sales of subcontractors only reached half of the amount in July.

    Similar to the new auto market was the second hand auto market. In September, the serious downturn came out also in September. As the authorities predicated that the amount of second auto exchanging would reduce by 20%.
    The slack auto market caused that the determination of Beijing government and the attitude of renovating the auto market.

    Published on November 25, 2008 · Filed under: Beijing;
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