Beijing auto market growth unrivaled
Updated: 2011-11-28 14:46
(chinadaily.com.cn)
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The number of automobiles in Beijing ranks the highest in 皇冠体育app and the rate of growth in car ownership in 皇冠体育app's capital is faster than anywhere in the world, officials said.
By the end of 2010, the auto fleet in Beijing stood at 229.33 cars per 1,000 people, the highest per capita count on the domestic market, according to the 皇冠体育app Association of Automobile Manufacturers. The number of autos is expected to exceed 5 million by the end of this year.
Meanwhile, the number of autos in Beijing has also been growing at an amazing speed.
The growth rate of the auto numbers in Beijing is unprecedented among all of the world's metropolises, said Cui Dongshu, deputy secretary-general of the 皇冠体育app Passenger Car Association.
Another trait of Beijing's auto market is the high percentage of private cars. They accounted for nearly 78 percent of all cars by the end of last year, according to the Beijing Municipal Bureau of Statistics, signifying a higher level of consumption in the city.