SUVs to gain from new laws
By Xu Xiao | China Daily | Updated: 2014-01-06 07:20
Experts say signals that the government may relax the nation's one-child policy in the near future are a promising sign for makers of SUVs and minivans, also known as multi-purpose vehicles.
Families in urban and rural areas will be permitted to have two children provided that one of the parents is an only child, according to the new policy, suggested by the Communist Party of China's recent central committee conference in November.
Industry insiders anticipated that the growth of families will generate more demand for SUVs and minivans, especially the seven-seat autos for family use.
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