Gasgoo.com (Shanghai) - The excessively rapid pace with which the number of automobiles has grown in China has severely affected the amount of traffic congestion citizens in the country's major cities have had to deal with. In order to deal with increased traffic congestion and pollution pressure, Beijing, Guangzhou and other major cities have implemented policies to limit the number of new automobile registrations made annually. However, these policies have not radically changed the trend towards increased automobile consumption, with the demand for new cars as strong as ever.
May 31 , 2013Gasgoo.com (Shanghai) - Compared with other markets, automobile financing in China is developing relatively slowly. Despite this, the country possesses several characteristics that set it apart from the rest of the world. In the following article, translated by Gasgoo.com (Chinese), Li Jun, a taxation and commercial consultant with PricewaterhouseCoopers China, shared his perspectives on the state of automobile financing in China today.
May 31 , 2013Gasgoo.com (Shanghai) - In the ten years since China joined the World Trade Organization, its economy has soared, with average income levels growing immensely. These factors, combined with the decreasing vehicle prices, have caused the number of privately-owned automobiles in the country to increase rapidly. According to statistics compiled by Gasgoo.com (Chinese), there were a total of 73.27 million privately owned automobiles in China as of 2011. That number is over 7.5 times greater than the respective figure from 2002. From 2002 to 2011, the number of privately-owned automobiles has, on average, grown 25 percent annually.
Apr. 19 , 2013