Beijing will limit 2011 issuance of new car license plates to 240,000 through a new lottery system. The move came under ever-growing pressure from daily traffic congestion. With the new rule in place, people swamp an official website to try to snag coveted qualification to buy a car while car dealers have seen a sharp fall in business.
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Car sales enter the slow lane China's passenger car sales continued to enjoy staggering growth in 2010 thanks to government incentives and the overall economic recovery. [Full story]
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Beijing's auto sales crash Beijing car dealerships endured a cold, lonely Christmas after the city announced Thursday an annual automobile-registration cap that went into effect Friday but failed to immediately relieve congestion. [Full story]
Car control sparks buying boom Beijing's recent effort to improve the city's glued traffic conditions has panicked people into a car-buying spree, the Beijing News reported. [Full story] |
License plate restrictions may suffer engine failure In a bid to ease traffic congestion, Beijing recently started a cap-and-lottery issuance system, a policy called by netizens as "the toughest congestion-tackling measure in history." [Full story]
• Not just too many cars, too many traffic restrictions
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