Cars Becoming Less Popular, But Not in China
Wenxuecity.com, Posted: Mar 01, 2008
FREMONT, Calif. — With oil prices reaching $102.08 per barrel, a record high, driving a car is becoming less affordable than ever for people the world over. In China however, people are as enthusiastic as they ever were about buying and owning cars, according to Wenxuecity.com, a Chinese language website based in California. Statistics from oil companies show that oil consumption in the United States has decreased by 3 percent in the last four weeks, and more and more people choose public transportation or walking over driving. The same trend has emerged in Japan in the last two years. However, although oil prices have risen in China as well, Chinese people continue to buy cars—and they say owning and driving is a status symbol.
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