SMM

The Economic Daily article pointed out that automobile consumption is more flexible than housing consumption because of its large volume, full potential, and strong industrial driving effect, so it’s crucial to exert medium or long term effect on driving economy. From the current situation, China's automobile consumer market still has a huge room for growth since domestic car ownership is less than half of the world average level, in eliminating consumer car purchase concerns, the implementation of license plate reform. With the support of measures such as eliminating consumers’ concerns about buying cars, implementing license plate reform, and promoting automobile consumption to cover the grassroots, automobile consumption is expected to continue to grow and enter a stage with new demand and new patterns. Therefore, we need to take a number of actions to further stimulate the momentum of automobile consumption in the future.