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¡¡¡¡A rapid extension of expressways and growth
in mass transit in China are pushing sales of
buses and luxury coaches, according to today's
Business Weekly of China Daily.
¡¡¡¡During the first half this year, 15,761 buses
and luxury coaches were sold, up 60.37 percent
from the same period last year, according to figures
from China Automotive Industry Association.
¡¡¡¡This is a new record following five consecutive
years of growth and it has been attributed to
massive investment in urban public works, the
construction of highways and the advent of peak
time for the replacement of old buses, said the
officials with the association.
¡¡¡¡About 50,000 old buses will be replaced by
new ones because of activities marking the 50th
anniversary of the founding of the People's Republic
of China.
¡¡¡¡In three years of time, China will spend at
least 250 billion yuan (30.1 billion US dollars)
building roads and bridges within big cities.
The budget for new bus purchases is expected to
be at least 30 billion yuan (3.61 billion US dollars).
¡¡¡¡The growth in tourism and international activities
held by China is expected to bring in more orders
for luxury coaches.
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