Shang­hai’s li­cense plate prices bounce back

China Daily (Canada) - - NEWSCAPSULE -

Car li­cense plate prices in Shang­hai re­bounded slightly at the year’s last auc­tion, with an av­er­age win­ning bid of 76,093 yuan ($12,540), up 376 yuan from the pre­vi­ous month, Chi­nanews.com re­ported.

The gov­ern­ment has an­nounced a 72,600 yuan ceil­ing for car plate auc­tions through­out 2014, when 100,000 li­cense plates will be is­sued.

Mean­while, China’s north­ern mu­nic­i­pal­ity of Tian­jin will re­strict traf­fic and is­sue new car li­cense plates via bid­ding and lot­tery in a drive to fight traf­fic jam and air pol­lu­tion.

The city of 14 mil­lion per­ma­nent res­i­dents reg­is­tered 2.36 mil­lion mo­tor ve­hi­cles by 2012, up from 1.2 mil­lion in 2006. Ve­hi­cle emis­sions have been held as a key source of the per­sis­tent smog plagu­ing Tian­jin, its neigh­bor Bei­jing and other cities in the north­ern re­gion.

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