Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

4/9/2014 (2 years ago)

Catholic Online (www.catholic.org)

Consumers rush to buy cars before curbs imposed by government

It's a sign of China's growing middle class - in addition to trying to beat the clock before new regulations go into effect. Passenger vehicle sales in China have risen nine percent year-on-year for the month of March. The sudden surge is driven by delayed new model launches ahead of the Beijing auto show. Chinese consumers also want to buy cars before curbs were introduced by the Hangzhou government.

Passenger vehicle sales in China have risen nine percent year-on-year for the month of March.

Passenger vehicle sales in China have risen nine percent year-on-year for the month of March.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

4/9/2014 (2 years ago)

Published in Asia Pacific

Keywords: China, auto sales, new regulations, panic buying


LOS ANGELES, CA (Catholic Online) - There were 1,588,792 cars, sport-utility or multi-purpose vehicles and minivans sold in the month of March. Figures from the China Passenger Car Association this week showed sales in the first three months of 2014 increased 9.5 percent to 4.6 million vehicles. This in spite of a weak February owing to the weeklong Spring Festival holiday.

"Passenger vehicle sales dropped a bit in the first week of March," Rao Da, the association's secretary-general says. They "gradually picked up until the boom in the final week when the Hangzhou government announced the purchase restrictions for new vehicles in the city".

Check out our fine selection of Bibles -- by going here!


After the government announcement on March 25, more than 70,000 vehicles were ordered in one day in Hangzhou, the capital of Zhejiang province.

"More than 10 cities are expected to launch similar limitations on vehicle purchases because of traffic and environmental considerations soon, so panic buying will add at least 500,000 vehicle sales this year," Rao said.

"This points to high growth in China's passenger vehicle market for the whole year," Rao added.

Rao predicted a similar sales number for April. More than 300 new model vehicles will be unveiled at the Beijing auto show, which will likely offset the impact of there being fewer working days this month.

"For the whole year, the association expects an annual increase of 10 percent in China's overall automobile market and 13 percent in the passenger vehicle sector," Rao said.

"Chinese homegrown automakers will be further challenged not only from a continued declining market share, but also shrinking exports to developing countries," Rao said.

Japanese automaker Nissan said this week that sales in China of its premium Infiniti brand grew 2.53 times in the first quarter, to 6,158 units compared with 2,434 in the same period last year.

Sales in China for US automaker General Motors rose to a record in March.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copyright 2016 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for NOVEMBER 2016
Universal:
Countries Receiving Refugees: That the countries which take in a great number of displaced persons and refugees may find support for their efforts which show solidarity.
Evangelization: Collaboration of Priests and Laity: That within parishes, priests and lay people may collaborate in service to the community without giving in to the temptation of discouragement.



Comments


More Asia Pacific

Philippine capital may suspend Mass for fear of terror attacks Watch

Image of The Catholic church struggles in the Philippines.

By (CNA/EWTN News)

An uptick in terrorist activity may cause Masses and other liturgical celebrations to be suspended in the capital city of Manila, Philippines, the country's bishop's conference has announced. Manila, Philippines (CNA/EWTN News) - "The church, for practical purposes, ... continue reading


Gillian Anderson joins fight against human trafficking after accepting role in new film 'Sold' Watch

Image of Gillian Anderson plays a photographer who brings to light human trafficking.

By Kenya Sinclair (CALIFORNIA NETWORK)

Gillian Anderson, best known for her role as Special Agent Dana Scully in the FOX hit series "The X-Files," admitted she was shocked to learn the truth about human trafficking. LOS ANGELES, CA (Catholic Online) - Anderson was approached to play a photographer in the ... continue reading


Philippine president vows to cast aside human rights if ISIS dares to attack his people Watch

Image of ISIS in the Philippines.

By Kenya Sinclair (CALIFORNIA NETWORK)

Philippines President Rodrigo Duterte released a statement concerning "looming terrorism" and vowed to protect his citizens by any means possible. LOS ANGELES, CA (Catholic Online) - "Once the terrorists of the Middle East are deprived of the land area, the real estate ... continue reading


Join us in prayer for New Zealand - Massive earthquake and devastating tsunami affects millions Watch

Image of New Zealand suffers serious damage (Richard Bicknell/Twitter).

By Kenya Sinclair (CALIFORNIA NETWORK)

New Zealand's South Island has been hit by a 7.8-magnitude earthquake, which triggered a tsunami and hints toward more to come. LOS ANGELES, CA (Catholic Online) - According to the <a href="http://earthquake.usgs.gov/earthquakes/eventpage/us1000778i#executive">US ... continue reading


'Aunt with a gun' disperses justice for women in rural India Watch

Image of Shahana Begum protects women with her shotgun and as a result, violence against women has dropped dramatically.

By Marshall Connolly (CALIFORNIA NETWORK)

My gun is now my second husband, Ms. Shahana Begum told reporters. This Indian woman has taken on rapists in her native village, forcing many to marry their victims and others to confess to police. LOS ANGELES, CA (California Network) - Shahana Begum, 42, patrols her ... continue reading


'They talk as if we are still the colonies,' President Duterte congratulates Trump, wants to end quarrel Watch

Image of President Duterte has congratulated President Elect Donald Trump.

By David Drudge (CALIFORNIA NETWORK)

President Rodrigo Duterte has congratulated President Elect Donald Trump on his win. The Philippine president has said he hopes to improve relations with America. LOS ANGELES, CA (California Network) - Philippine President Rodrigo Duterte has congratulated Donald Trump ... continue reading


'I'm ready' - Man born with FOUR LEGS takes to internet for help Watch

Image of Arun Kumar has two extra legs that remain paralyzed (Discovery/Barcroft Productions).

By Kenya Sinclair (CALIFORNIA NETWORK)

Twenty-two-year-old Arun Kumar was born with four, equally long legs in Uttar Pradesh, India. LOS ANGELES, CA (Catholic Online) - One of the extra legs, which extend from his lower back, failed to grow as Kumar did and the other is permanently bent at the knee.Neither ... continue reading


What the! President Duterte promises God to stop swearing Watch

Image of President Duterte has promised to change his language.

By David Drudge (CALIFORNIA NETWORK)

God has spoken to Philippine President Rodrigo Duterte, no more swearing. The President made the announcement on Thursday while speaking to journalists, vowing to clean up his language. LOS ANGELES, CA (California Network) - President Duterte has been criticized ... continue reading


Attack backfires as Australian teens run over violent clown Watch

Image of A clown holding a wooden plank approaches teenagers... (Skoosa).

By Kenya Sinclair (CALIFORNIA NETWORK)

Clown sightings have become all too real in the United States, with clowns threatening people, hurting them and attempting to abduct them - but one clown met its match in Australia, where a group of teens taught it a lesson. LOS ANGELES, CA (Catholic Online) - In a ... continue reading


The other side of the Philippines' war on drugs - 7-year-old girl murdered by drug dealer, prompting more support for Duterte Watch

Image of The parents of a 7-year-old victim mourn the loss of their daughter (Reuters).

By Kenya Sinclair (CALIFORNIA NETWORK)

A 7-year-old girl was murdered by an alleged drug dealer in the Philippines, highlighting the atrocities occurring at the hands of drug dealers and users in the country. LOS ANGELES, CA (Catholic Online) - Many have come against Philippines President Rodrigo Duterte's ... continue reading


All Asia Pacific News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

Daily Readings

Reading 1, Isaiah 29:17-24
17 Is it not true that in a very short time the Lebanon will become ... Read More

Psalm, Psalms 27:1, 4, 13-14
4 if I have repaid my ally with treachery or spared one who attacked me ... Read More

Gospel, Matthew 9:27-31
27 As Jesus went on his way two blind men followed him shouting, 'Take ... Read More

Saint of the Day

Saint of the Day for December 2nd, 2016 Image

St. Bibiana
December 2: St. Bibiana, Virgin and Martyr (Feast day - ... Read More