Beijing to Restrict Car Usage, Chinese Automakers Anticipate Market Downturn

Beijing is a city in crisis. It is, more or less, a microcosm of the world at large: smog and traffic congestion are choking China’s capital. This year, 4.7 million cars were sold in Beijing alone; nearly twice the number sold just five years ago. Despite a new subway system, the roads remain gridlocked, and the Beijing municipal government has had enough. From 2011, radical changes will be