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3 - 5 September 2018, Shanghai

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Rapid growth of privately owned cars drives the demand for parking spaces

In June 2017, the Chinese government registered over 200 million privately owned vehicles across the country. The staggering number of cars within China continues to affect the number of parking spaces available in major cities including Beijing, Guangzhou, Shanghai and Shenzhen. Hosting Parking China in Shanghai will create awareness of the current parking situation in the city while at the same time promote the intelligent parking industry. In 2017, the National Development and Reform Commission appointed Shanghai as one of the pilot cities for implementing public parking information sharing platform to attract the attention of intelligent parking businesses and investors to improve Shanghai’s parking issues.

Huge potential of intelligent parking systems

Intelligent parking solutions are key to utilising parking spaces efficiently. According to research conducted by the Shanghai Communications Bureau, parking lot vacancy rates in Beijing, Shanghai, Guangzhou and Shenzhen combined reached as high as 44.6% in 2015. By incorporating cloud computing, big data and IoT technologies, real-time data for car parks, parking spaces, real-time distribution and operation status can be obtained.

Government initiatives generate opportunities

In China’s 13th Five-Year Plan for Economic and Social Development of PRC from 2016 – 2020, the government is targeting to strengthen intelligent transportation infrastructure nationwide. According to the Information Office of the Minister of Transport, over USD9 billion was invested in the period from November 2016 to April 2017 to improve parking facilities in major cities across the country. Companies involved in intelligent parking will be able to capitalise on business opportunities in this fast-growing market.

International organiser with parking trade fair experience

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Debuting in 2016, Parking China offers the most up-to-date intelligent parking solutions and technologies and serves as a gateway for enterprises to enter China’s booming intelligent parking market. The show benefits from the extensive network and resources inherent in Parken, a Messe Frankfurt branded event held in Germany.

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