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  3. Chinese banks have started offering car loans to help boost the Chinese economy

Chinese banks have started offering car loans to help boost the Chinese economy

游客2025-05-31  20
问题 Chinese banks have started offering car loans to help boost the Chinese economy and allow domestic banks to prepare for competition after China’s entrance to the World Trade Organization (WTO).
Banks nationwide have only issued some 10,000 such loans since the policy came into play in the second half of 1998, Xinmin Evening News said.
    【B1】______ that the short term allowed, five years at maximum, make monthly payments an unacceptably heavy burden, the newspaper said.
    【B2】______ , the average employed person would have to spend every penny they earned for nearly 16 years to pay the 187,000 yuan price of the cheapest sedan from Shanghai Volkswagen.
Making matters worse, the country’s distribution of wealth limits the helpfulness of car buyer financing. Few consumers are in the income bracket where an auto purchase is only slightly out of reach, said Michael Dunne, the president of Automotive Resource Asia, an industry consultancy.
Unlike the "bell curve" seen in the US economy, 【B3】______ , the Chinese market is "a camel model", he said.
Demand is either from the wealthy dim who can afford luxury cars or the masse-- 【B4】______ .
"There isn’t much in-between," he said.
According to a recent analysis by the Shanghai Financial News daily, only about 7--8 percent of households in Shanghai could realistically consider financing a car purchase.
Xu Zhengye, an official at the Shanghai car-loan center of the Industrial and Commercial Bank of China, said 【B5】______ .
"There are between 1,000 and 2,000 yuan in non-loan monthly costs," he said, referring to parking, insurance, road-user taxes, petrol and maintenance.
"It would be cheaper to take a taxi everyday," he said.
Local governments further depress demand by limiting distribution of license plates and charging exorbitant fees for their issue, according to an official at the Shanghai Auto Industry Sales General Co.
    【B6】______ , but must bid at auctions held by the Public Security Bureau to get one for any other model.
The latter licenses, issued only occasionally in small batches, regularly go for 100,000 yuan, the official said.
"Of course no producer wants to see such high license fees," he said, adding that the city government uses them to prevent traffic congestion and control air pollution.
A. business was also poor because extraneous monthly car ownership costs deterred applicants
B. consumers in the city can freely obtain licenses for cars built in Shanghai for 20,000 yuan
C. car prices are so high
D. people who could only afford a car at vastly lower price
E. people are not all rich in China
F. even in Shanghai where incomes are the highest in China
G. where the majority of potential buyers are in the middle-income range
H. although banks are willing to lend money [br] 【B4】______
选项
答案 D
解析
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