Shanghai car plate auction hits new highs
By Shi Yingying in Shanghai | China Daily | Updated: 2013-03-25 07:58
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A Shanghai resident registers his license plate at the city's vehicle management bureau on Saturday. Pei Xin / Xinhua |
The cost of a car license plate hit a record high at an auction in Shanghai on Saturday, skyrocketing to more than 90,000 yuan ($14,480), despite municipal government efforts at regulating the market.
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