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BUSINESS & TECH

China Restricts Local-Level Train Car Purchases

Train cars sit in a production workshop of Chengdu Zhongche Railway Vehicle Co. Ltd. in July. Photo: VCG
Train cars sit in a production workshop of Chengdu Zhongche Railway Vehicle Co. Ltd. in July. Photo: VCG

China is placing limits on local government purchases of urban rail cars, stepping up efforts to regulate the rapidly developing public transportation sector.

The policy, issued Tuesday by the National Development and Reform Commission (NDRC) — the country’s top economic planner — bans local governments from purchasing additional units unless 80% of the carriages are put into use by the city’s transportation operator.

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