The Rising Influence of Rising Affluence

[DewDiligence]

Beijing says, “No parking space, no car!”:

http://www.theglobeandmail.com/report-on-business/rob-commentary/gmo-foods-offer-most-promising-way-to-address-global-water-shortages/article24715215/

Usually you buy a car and worry about where to park it later, but Beijing wants to put that process in reverse. Deputy Mayor Zhang Yankun reportedly announced that next year residents will have to show proof they have access to a parking spot before they can purchase a vehicle. The plan hopes to address the city’s extreme parking shortage in the face of soaring car-ownership.

…the city remained home to nearly 5.6 million cars by the end of 2014, with the total number of parking spots estimated at just 2.9 million.

They need better mass transit, LOL.