Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

4/9/2014 (1 year 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 (1 year 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'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for July 2015
Universal:
That political responsibility may be lived at all levels as a high form of charity.
Evangelization: That, amid social inequalities, Latin American Christians may bear witness to love for the poor and contribute to a more fraternal society.



Comments


More Asia Pacific

Unofficial council orders two sisters to be raped and paraded naked for brother's actions in India Watch

Image of An Indian woman is one of many protesters against rape.

By Kenya Sinclair (NEWS CONSORTIUM)

There is an ongoing rape crisis in India and things are only getting worse. An unelected council of elders ordered the rape and public humiliation of Meenakshi Kumari, 23, and her 15-year-old sister because their brother dared to marry outside his status. LOS ANGELES, ... continue reading


Chinese man without arms tends to paralyzed mother - feeding her food with spoon in teeth Watch

Image of Forty-eight-year-old Chen Xinyin from Chongqing, southwest China lost both his arms at seven years of age. Putting in a full day's worth of work, he know tends to his paralyzed, elderly mother - by feeding her with a spoon clenched in his teeth.

By Catholic Online (NEWS CONSORTIUM)

Forty-eight-year-old Chen Xinyin from Chongqing, southwest China lost both his arms at seven years of age. Putting in a full day's worth of work, he know tends to his paralyzed, elderly mother - by feeding her with a spoon clenched in his teeth. LOS ANGELES, CA ... continue reading


'I knew then my life was over': The heartbreaking reality for teen rape victims shamed in India Watch

Image of

By Kenya Sinclair (NEWS CONSORTIUM)

Indian women suffer as rapists force families to accept money in exchange for silence. In many villages, women are blamed for being raped and men do not marry single mothers, as such women are seen as shameful. Without time to finish their educations, and beaten down ... continue reading


North Korean submarines suspiciously missing following the dissolution of standoff with South Korea Watch

Image of Prime Minister Kin Jong Un.

By Linky C. (NEWS CONSORTIUM)

A few days after Kim Jong Un ended a stand-off with South Korea, 50 North Korean submarines were reported to have vanished from radar. A possible surprise attack from the North is expected. MUNTINLUPA CITY, PHILIPPINES (Catholic Online) - The North Korean submarines ... continue reading


Family mourns loss of newborn after it is attack by rats in hospital Watch

Image of Rat infestation in Indian hospital leads to gruesome newborn death.

By Kenya Sinclair (NEWS CONSORTIUM)

A newborn died of rat bites in a government-ran hospital in the city of Vajayawada, located within the state of Andhra Pradesh, India. Los Angeles, California (Catholic Online) - The newborn boy was born in the government-ran hospital where he was sent to the pediatric ... continue reading


1,500-year-old mummified newborn uncovered in Siberia could provide insight into ancient Siberian life Watch

Image of A newborn mummy discovered in Siberia.

By Linky C. (NEWS CONSORTIUM)

The remains of a newborn that was accidentally mummified 1500 years ago has been discovered in an ancient grave in Siberia. This discovery could lead to the unraveling of several mysteries concerning ancient Siberians. MUNTINLUPA CITY, PHILIPPINES (Catholic Online) - ... continue reading


15-year-old girl forced to marry 32-year-old man: The life of Bangladeshi child brides can be full of violence and abuse Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Weddings are supposed to be one of the most memorable moments in a woman's lifetime. But for 15-year-old Nasoin Akhter it was nothing but loneliness. MUNTINLUPA, PHILIPPINES (Catholic Online) - Akhter was coerced into marriage with a 32-year-old man. In her wedding ... continue reading


Final Attack Operation: Kim Jong Un prepared North Korea military for battle Watch

Image of

By Talia Ramos (NEWS CONSORTIUM)

Although the peninsula is technically still engaged in war, alarm and concern was raised in the region and other parts of the world after a report that North Korea's supreme leader Kim Jong Un convened with the country's senior party and defense officials. MUNTINLUPA, ... continue reading


Welcome to Beidaihe - the Chinese seaside resort town where leaders meet to plot world domination Watch

Image of The Chinese government's meetings in Beidaihe are never formally announced. The only clear indication that political and governmental activity is afoot is when soldiers of the People's Liberation Army appear on the streets.

By Catholic Online (NEWS CONSORTIUM)

Known for its gentle ocean breezes, seafood, beaches, and fun activities, the Chinese seaside resort town of Beidaihe is very popular with tourists. Families and young people gather there in the summer months for fun in the sun. Bedidaihe is also very popular with ... continue reading


Relations between China and the Holy See move forward with recognition of seminary studies, students Watch

Image of Diplomatic relations between the Holy See and China were cut in 1951, two years after the Chinese Communist party seized power.

By Andrea Gagliarducci, CNA/EWTN News

In a tiny victory for Vatican-Chinese rapprochement, China's government now recognizes seminary studies and allows seminarians to continue their education in a state university should they leave. Vatican City (CNA/EWTN News) - The Bachelor of Arts diploma young ... continue reading


All Asia Pacific News

Newsletters

Newsletter Sign Up icon

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

Daily Readings

Reading 1, First Thessalonians 5:1-6, 9-11
1 About times and dates, brothers, there is no need ... Read More

Saint of the Day

Saint of the Day for September 1st, 2015 Image

St. Giles, Abbot
September 1: St. Giles, Abbot (Patron of Physically Disabled) Feast day - ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter