Reduce use to cope with big price rise
China Daily | Updated: 2009-07-03 07:55
The fuel price rise has triggered a wide range of reactions in society, says an article in Economic Information Daily. Excerpt:
As Xu Xiaoming, a Beijing-based car dealer said, people will prefer fuel-efficient small cars to big ones such as SUVs after the increase in fuel prices.
Lu Wei, another city car dealer, said consumers could afford higher fuel prices because the additional cost per 100 km would come to be only 50-60 yuan for fuel-efficient cars. Policies are the most important factor for the auto market apart from the purchasing power of the people. And a survey showed that oil prices were least important for car-buyers. What they are bothered most about are car prices and safety.
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