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The Tianjin surprise

At 19:00 on December 15th, the Tianjin Government held a press conference to announce that it was introducing a passenger car purchase restriction policy and motor vehicle license plate driving restriction that would take effect from 00:00 on December 16th. The city became the fifth in China to introduce restrictive measures on vehicle ownership and usage after Shanghai, Beijing, Guiyang and Guangzhou.

Prior to the announcement, the Government had never publicised any information related to the policy or its introduction, and left no buffer period for consumers or retailers to utilise, the result was panic buying. An effect not heard of elsewhere in the world! …

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