Beijing to limit issuance of new car plates to 240,000 annually
Updated: 2010-12-23 16:03
BEIJING - The Beijing municipal government says it will limit issuance of new car plates to 240,000 annually in an effort to ease the capital city's traffic jams.
The new policy will take effect on Jan 1, 2011, the BMCT said.
In 2010, more than 700,000 news cars were sold in Beijing, bringing the capital city's total number of automobiles to more than 4.7 million, statistics from the BMCT showed.
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The State Council launched a new round of measures to rein in property prices.