BEIJING, Dec. 23 (Xinhua) -- The transport authority in Beijing will announce a package of detailed rules on Thursday to ease its growing traffic gridlock, the rumors of which had caused frenzy car buying this month.
The Beijing Municipal Commission of Transport is scheduled to hold a press conference at 3 p.m. Thursday.
Rumors about the anticipated limits include the authorities would axe new car license plates from next year.
The rumors have fueled public concern that it will be more expensive to get a new car from next year, which consequently fueled car sales.
The commission's figure suggested car ownership in the city increased by 30,000 just in the past week, with a maximum addition of 5,000 cars per day. Industry insiders expect the total car ownership in Beijing would exceed 5 million by February 2011 with the current growth rate.
More than 1,000 new cars waiting to be inspected to apply for license plates queued in the vehicle management station in Beiyuan, northern Beijing, Wednesday. The car blockage caused severe traffic congestion.
Many new car owners said they arrived there before dawn.
"The ambiguity of the draft plan may have misled the public and created some panic," Zhang Changqing, director of the transportation law institute at the Beijing Jiaotong University, quoted by Thursday's China Daily as saying.