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Article: CAR RENTAL BUSINESS SET TO PROSPER IN CHINA FOLLOWING WTO ENTRY.
- Article from:
- AsiaPulse News
- Article date:
- January 4, 2002
CopyrightCOPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Jan 4 Asia Pulse - China's car rental business is expected to boom following the nation's accession to the World Trade Organization (WTO), industry experts said.
As increasingly more foreign companies flock to China, attracted by the world's most promising economy, the demand of rental cars is bound to soar radically, said Wang Xianping, vice-chairman of Beijing Tonglida Vehicle Rental Co Ltd, one of China's largest car rental companies.
"Foreign companies are willing to rent cars rather than buy cars because it is much easier to manage the cost, and there is less hassle for those that are unfamiliar with China's local laws and regulations," he ...