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Travel Investing – Beijing, China
By Dr Wealth  •  May 1, 2012
Cars Beijing itself has more cars than the population in Singapore. It currently has over 5 million cars in the city and to my surprise, I saw a lot of European brands like Audi, BMW and Volkswagen running the streets. There were also the familiar Japanese brands like Mazda, Honda and Toyota. The cabs were mainly Hyundai. I noticed that there is always a Chinese company at the back of these imported cars. I suspect the government has made it mandatory for any foreign brand to partner with a local company. Of which, I think FAW Group has the biggest market share (based on what I observed on the roads) – FAW partners with Volkswagen, Audi, Toyota and Mazda. The traffic is worse than Singapore and there is a restriction to driving on weekdays according to the car plate number. The car plate numbers can end in 10 variations, that ......
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By Dr Wealth
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