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Some own 700 cars each

ABOUT 30 rich men in the country own between 100 and 700 cars each, reported China Press.

Quoting sources from the Road Transport Department (JPJ), the daily reported that these men registered the vehicles under their names for collection purposes.

One of the sources believes the owners had bought the cars to avoid paying income tax. Most of these cars were not used as some owners did not even renew their road tax.

He also questioned the roadworthiness of such cars since most of them seldom appeared on the road.

Of the 10 million registered car owners in the country, one-third of them owned more than one car, based on JPJ statistics for the first quarter of the year.

Some 78,000 drivers possess five cars each while another 1,589 drivers own 10 cars each.

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