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Competition for Shanghai car license plates increases(1/3)

2016-04-11 10:24 Ecns.cn Editor:Yao Lan
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Applicants queue to purchase the bidding report for vehicle license plate auctions in Shanghai, April 10, 2016. Shanghai has increased control of cars running in the city that have license plates issued by other regions. This policy change is driving many residents to compete in Shanghai’s license plate auctions. The price of new license plates in Shanghai has been increasing year by year, with the average bid for a plate at 83,148 yuan ($12,800) and the success rate at 3.8 percent in March. (Photo/CFP)

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