Consumption vouchers give a boost to Beijing's auto market

Beijing is seeing a boost in its automotive market due to its auto consumption voucher program, which has driven the city's vehicle sales and regional economic growth.

The Beijing Economic-Technological Development Area has witnessed a surge in automotive consumption thanks to its auto voucher program from late January to early this month.

According to statistics from the BDA's commerce and finance bureau, as of Feb 5, 14 participating automakers have collectively secured 637 vehicle orders during the Spring Festival period. This has resulted in nearly 1.8 billion yuan ($247.8 million) in sales, reaching a milestone for the program.