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Carmakers will need to amass credits for new energy vehicles equivalent to 10 percent of annual sales by 2019, according to the Ministry of Industry and Information Technology.

Caudrelier also gave a shout out to Dongfeng Motor Corp - the Wuhan-based truck and car manufacturer that bankrolled the campaign.

Chan said his budget speech to be delivered in February will focus on supporting business, safeguarding employment, reviving the economy and relieving social distress as the city also faces international turbulence such as protectionism and geopolitics.

Cao Yaomin, 27, a clerk in Beijing, is thinking of buying an apartment next year after being faced with a rent increase of about 20 percent early this month and having no choice but to accept it.

Cars with smaller engines were the most popular choices. Statistics from the association show that those with engines no larger than 1.6 liters totaled 4.17 million units from January to March, accounting for 68.3 percent of passenger car sales in the period.