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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Raymond Duray who wrote (57362)12/20/2004 9:00:06 PM
From: twmoore  Read Replies (1) | Respond to of 74559
 
"Oh, really? I understand that China added something like 30% more vehicles to its fleet of privately owned automobiles in 2003."
Ray,I just got back from China and I noticed that a lot of vehicles now run on natural gas.



To: Raymond Duray who wrote (57362)12/20/2004 9:20:14 PM
From: RealMuLan  Read Replies (2) | Respond to of 74559
 
Most of car sale increase in China happened in 2003 and before June this year, and the oil price started to go up like crazy after June (I went back to Beijing in June, and no one talked about energy crisis yet then).

And now some officials already start to talk about limiting the number of private cars in cities. Even in Shanghai, a car registration still costs 2-3 times more than the car itself. Can you say this kind of policy is encouraging individuals to own cars?

Also some concrete energy saving plans on the national level have been written, and I think I posted here, if you are interested.
Subject 54165