Editor’s note: A version of this post by Zhang Ke first appeared on Yicai Global, the English-language financial news service of Shanghai Media Group. Yicai Global is one of just two dedicated Chinese news feeds connected to the Bloomberg terminal.

China’s ministry of transport’s (MOT) latest draft policy concerning car renting industry indicates that it will encourage car timeshare rental practice and ensure preferential parking rates for timeshare rental cars.

The ministry states in its draft policy on administration regulations for the car rental industry published today that the government encourages public parking lots in busy areas such as urban business centers and government affair centers to provide convenience for the parking of timeshare rental cars.

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Yicai Global

Yicai Global is the English-language financial news service of Shanghai Media Group and is one of just two dedicated Chinese news feeds connected to the Bloomberg terminal.