BEIJING — The Chinese government aims to drastically increase private car ownership in China's cities, says Zhang Xiaoyu, deputy director of the State Machine Building Industry Bureau. “A golden period for China's car industry has at last arrived,” Zhang says, noting that the government plans to focus on cars, housing, information services and tourism as new growth areas in the country. Zhang adds that the government will take decisive actions to abolish all “unreasonable” car-related ...
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