Government News

Shanghai Daily News Digest

New rules to cool car plate demand   2014-06-30

 

 

SHANGHAI’S government yesterday introduced two new rules in an attempt to reduce the number of bidders at the monthly car plate auction.

This came on the same day as the number of bidders reached 135,677 — dragging the success rate down to an all-time low of 5.5 percent.

From next month, only holders of driving licenses can bid, and those who are successful cannot take part in the auction again for three years.

 

 


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