With a population approaching that of Australia and car sales of 700,000 new cars, or 890,000 new cars (depending on which issue of China Daily you rely more), Beijing used to be one of the most important car markets in the world’s largest car markets, China. As amply documented by TTAC, the car market in Beijing collapsed completely after city fathers ruled that new registrations have to try their luck in a license plate lottery first.
China’ top economic planners at the National Development and Reform Commission NDRC see their economic plans threatened, and are “appealing” to Beijing to change its policy. (Read More…)
Ever since the China Automotive Technology & Research Center, a government agency that “assists the government in such activities as auto standard and technical regulation formulating, product certification testing, quality system certification, industry planning and policy research, information service and common technology research” started issuing monthly car sales numbers, we had our issues with them.