, Columnist
China's Auto Stimulus Won't Delight Its Gridlocked Cities
Investor euphoria at Beijing’s measures to revive car sales hasn’t reckoned with local resistance.
More cars? No thanks.
Photographer: FRED DUFOUR/AFP/Getty Images
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Is China’s 14-month car crash at an end?
After more than a year of declining sales, the country’s auto industry has relief in sight. Beijing’s ruling State Council told city governments to loosen or cancel restrictions on new car sales designed to limit congestion, as part of a package of measures announced Tuesday to get sputtering economic growth back on track.