Chinese parking scenario

BusinessComments are off for this post.

You Are Here:Chinese parking scenario

Parking in China can be a long march. Efforts to restrict car purchases and boost parking spaces haven’t kept pace with vehicle ownership. In many Chinese cities, parking issues are moving to the forefront of urban concerns. Drivers complain about parking shortages, and illegal parking is on the rise. With no spaces near his apartment, parking illegally was his only option, risking a fine of 200 yuan ($30). “I usually bargain with the grocery-store owners downstairs to rent their driveways for parking,” said the 24-year-old finance specialist who lives in a 1970s building that has no parking for any of its 30 apartments. “That evening they were all rented out.”

Continue reading –>