Bei­jing to cut num­ber of li­cense plates

China Daily (USA) - - NEWS CAPSULE -

Bei­jing will re­duce the num­ber of li­cense plates it gives out for new cars by one-third to ease traf­fic con­ges­tion and pollution.

The an­nounce­ment came as it emerged that peo­ple are buy­ing strug­gling small busi­nesses that hold ve­hi­cle reg­is­tra­tions to avoid hav­ing to en­ter the cap­i­tal’s li­cense plate lot­tery.

Com­pa­nies and in­di­vid­u­als must take part in a monthly draw to reg­is­ter a new ve­hi­cle, with a to­tal of 150,000 plates up for grabs ev­ery year; 90,000 for gas-pow­ered ve­hi­cles and 60,000 for new-en­ergy ve­hi­cles.

How­ever, from 2018, only 100,000 will be avail­able per year, the city’s trans­port com­mis­sion said.

The aim is to limit the num­ber of cars on the cap­i­tal’s roads to 6.3 mil­lion by 2020. At the end of last year, the num­ber stood at 5.62 mil­lion.

At the lat­est lot­tery, held on Tues­day, just one in ev­ery 754 en­trants re­ceived a plate.

Fac­ing the slim hope of get­ting a li­cense, some peo­ple have bought com­pa­nies that own car plates. A source, who did not want to be iden­ti­fied, said some­one could buy a com­pany hold­ing a li­cense plate for $27,700.

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