The 40b yuan cost of new emission rule

Stringent new emission standards that will be imposed on mainland carmakers from March 1 may cost the industry about 40 billion yuan (HK$49.28 billion), but well-prepared manufacturers say that for them, it is as much about opportunity as extra costs.

From the beginning of next month, Beijing will become the first city in the world's largest car market to ban registration of petrol vehicles that fall below the new National V emission standard.

Earlier this month, the State Council said the new requirement would be extended to the whole nation by 2017.

via Business feed http://www.scmp.com/business/china-business/article/1157722/40b-yuan-cost-new-emission-rule