CHINA TOPIX

Beijing Will Decrease Issued License Plates in 2018

Mia Ren   |

Oct 31, 2016 06:29 AM EDT

Apart from traffic congestion, the local government uncovered a scam where people purchase struggling companies that own cars with authorized plate numbers to avoid entering the lottery. According to an agency that broker these kinds of deals, the worth of a small company with a license plate can amount to 180,000 yuan (US$26,000).