Beijing urges citywide parking space sharing

In the latest effort to improve city street management, the Beijing government is encouraging local companies and residential communities to share their parking spaces based on their needs at different times of the day, according to a recent statement released by the capital's transport commission.

Both parties should set parking fees and periods of time by signing agreements. Meanwhile, district governments may reward companies that offer spaces to neighboring residents at night, said the statement. It recommended that those governments provide subsidies to participants as an incentive.

In addition, parking areas in residential buildings should be open to other vehicles after they have met the needs of their own tenants, it said.