Date
18 August 2017

Tianjin unveils car purchase restrictions, Xinhua says

Tianjin in northern China will issue a total of 100,000 car license plates through bidding and lottery each year while providing no quota for government organizations and institutions, Xinhua news agency reported over the weekend, citing an announcement by the municipal government. Under the plan, 60 percent, or 60,000 plates, will be issued via lottery, including 10,000 for fuel-efficient cars and 50,000 for conventional cars, while the remaining 40,000 plates for conventional cars will be auctioned. Eighty-eight percent of the plates will go to individual car owners, while non-individual applicants, such as companies, will compete for the other 12 percent. None of the new plates will be given to government organizations and institutions in the metropolis. The quotas are part of the city’s efforts to battle traffic congestion and air pollution. Tianjin has more than 14 million permanent residents. Travel speed in downtown areas has slowed 18 percent from 2000 levels, the report said.

– Contact HKEJ [email protected]

CG

 

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