InfoAnda - New traffic rules drive car sales in Beijing

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam New traffic rules drive car sales in Beijing AFP - 1 hour 53 minutes ago Send IM Story Print New traffic rules drive car sales in Beijing BEIJING (AFP) - – More than 20,000 cars were sold in Beijing in the first week of December as citizens scrambled to buy vehicles ahead of curbs aimed at reducing the city's massive traffic jams, state press said Thursday. Sales were driven by fears that China's government would restrict purchases by capping the number of car plates issued in the congested capital, the Beijing News reported. Beijing's air is among the most polluted in the world, and the problem is getting worse amid high demand for private vehicles from its increasingly affluent residents. Vehicle sales in the first week of December were more than double the 9,000 cars sold in the same period last year, the paper said. As of December 5, Beijing had 4.71 million registered cars on its crowded roads, it added. China outpaced the United States as the world's top auto market in 2009 when 13.64 million units were sold nationwide. That sales figure was already surpassed in the first 10 months of this year. Relieving traffic jams in Beijing, Shanghai, Guangzhou and Chongqing -- China's biggest cities -- will be a top government priority in the coming years, Xinhua news agency said earlier this week. According to the China Daily, new car restrictions for Beijing will include an odd-even licence plate restriction system for the city centre, while buyers will have to have a parking permit before they are allowed to purchase cars. A new two-yuan (0.30-dollar) traffic "congestion fee" will also be charged for every litre (quart) of gasoline or diesel, the paper said. The capital would also restrict car purchases to those who have Beijing residence permits, while each household would only be allowed one car, it said. Beijing government officials refused to confirm the content of the new measures, only saying that the traffic management plan had been basically approved by the nation's powerful economic planning agency. Recommend Send IM Story Print Related Articles Australian minister 'not a spy' for US: colleagues AFP - 9 minutes ago S.Korea plans to turn ruins of shelling into park AFP - 11 minutes ago Thai ruling party survives ban threat AFP - 21 minutes ago N.Korea's Kim meets top China official in Pyongyang AFP - 24 minutes ago Leaked US cable says China has 'no morals' in Africa AFP - 25 minutes ago News Search Top Stories Pressure mounts on states boycotting Nobel ceremony NASA, SpaceX giddy over historic orbit launch Europe freezes as fresh snow causes travel chaos Eurogroup head attacks 'un-European' Germany Private space capsule splash lands in Pacific: NASA More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Elizabeth Edwards dies of cancer Study links receipts, cash to cancer and obesity Retired French electrician says heir to second Picasso trove Russian satellites crash into Pacific: space official Bank of America admits fraud in US antitrust case More Most Viewed » NASA finds new form of life... on Earth World leaders scramble for funds to save the tiger US, S.Korea plan war games after N.Korean attack Defiant Obama defends tax cuts, eyes 2012 More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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