CHINA-ECONOMY: NDRC TRIES TO BOOST AUTO SALES

A document circulated on China’s social media showed that the National Development and Reform Commission (NDRC), China's top industry policy-setting body, proposed relaxing controls on the issuance of car licenses in major cities, a move designed to expand auto consumption. The NDRC distributed the document to government and industry departments April 11 to collect opinions, we learned. Proposed measures include stopping local authorities from issuing restrictions on new car licenses and to gradually ease existing rules. Some of China’s largest cities have limited access to the auto market as a way of fighting congestion and air pollution.







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