Shenzhen explains abrupt limit on car purchase
Updated: 2014-12-30 16:50
By Wu Yan(chinadaily.com.cn)
|
||||||||
Shenzhen authorities responded to the online and offline fury over its abrupt decision and swift implementation of car purchase limit.
At 17:40 pm on Monday, Shenzhen announced restrictions on buying new cars, saying it will cap the number of new cars sold in the city at 100,000 a year, with 20 percent of them specially allocated to electric cars.
The regulation took effect at 18:00 pm on Monday, 20 minutes after it was announced. The move was a clear reversal to its previously stated stance.
Hearing the news, many rushed to car dealers but found the outlets blocked by police and within 20 minutes the dealerships were sealed off.
But that didn't deter some as they rushed to place orders and splashed out wads of cash on down payment.
The course of the events seems just like what the authorities foresaw.
If the regulation was announced in advance, it would have resulted in panic buying and that would have defeated the whole purpose of the policy, reported the official micro blog of People's Daily quoting the Shenzhen government.
The public was not convinced by the explanation and a heated discussion began happening on Sina Weibo, China's popular microblogging service.
- 'Miss Leisure World' candidates play war game
- Metro use drops slightly as new fare hikes kick in
- Record passenger numbers expected for upcoming chunyun
- Children step out of Daliang Mountain
- 1,000 years on, the art of fish hunting is in safe hands
- National Stadium illuminated to greet New Year countdown
- Top 10 happiest cities in China 2014
- Children step out of Daliang Mountain
- New Consul General of China in New York arrives at JFK
- Missing AirAsia plane maybe at sea bottom
- Chinese artists get Times Square spotlight
- Yearender: Best selling Chinese films in 2014
- Top 10 policy changes of China in 2014
- Families of MH370's passengers still hold out hope
Most Viewed
Editor's Picks
Bridging the legal divide |
Jack Ma's bodyguard: master of tai chi |
Pilot in deadly China crash appeals prison term |
Two arrested in cash spill case in HK |
Suspects nabbed in China "AIDS demolition team" scandal |
Yearender: What happened around the globe in 2014 |
Today's Top News
Xiaomi's sky-high value also comes with potential obstacles
Bright lights for Chinese artists
Expiration dates on food probed
'New normal' focus for new consul general in NY
Bodies, debris from missing plane pulled from sea
Chinatown rallies to aid slain officer's family
Chinese FM: Against any cyber attack
China says no role in Sony hacking
US Weekly
Geared to go |
The place to be |