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Auto insiders: Car restrictions bad for Beijing economy

(Beijing Times)

13:57, September 05, 2011

Edited and translated by Yao Chun, People's Daily Online

Auto industry insiders claim the restrictions on car ownership in Beijing have led to a 1 percent decline in the economic growth of Beijing.

At the 2011 International Forum on China's Automotive Industry Development, Yao Jingyuan, the former chief economist of National Bureau of Statistics of China, asserted the critical role the automotive industry in the national economic development and stressed the importance of preventing rapid economic growth from negatively affecting people's livelihood.

The International Forum on China's Automotive Industry Development, which lasts two days, is known as the Davos of China's automotive industry.

This year's automotive forum is the seventh successive forum held by the China Automotive Technology and Research Center, the Society of Automotive Engineers of China, the China Association of Automobile Manufacturers China Automotive News, the Tianjin Economic–Technological Development Area Administrative Commission with the support of National Development and Reform Commission, the Ministry of Industry and Information Technology, Ministry of Science and Technology, the Ministry of Finance and the Ministry of Environmental Protection.

"The economic growth of Beijing was 8 percent in the first half of this year and ranked the lowest in China. According to analysis, the automotive industry decreased by at least 1 percent because of the restrictions, while the real estate industry decreased 0.7 percent. Combined with the cost of relocating the Capital Steel Cooperation, the growth of Beijing's economy declined 2 percent in total," Yao said. "From this we can know that Beijing heavily depends on these three industries."

The deputy director of Beijing Municipal Environmental Protection Bureau said all these measures, including the restrictions on car ownership, could reduce vehicle emissions to varying degrees and help improve the quality of the environment. Therefore, all these measures have positive environmental significance.

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