Monday, September 10, 2012

License Plate Auctions And Lotteries

“What do we need gross domestic product for if we don’t have health?”
The municipal government of Guangzhou, a sprawling metropolis that is one of China’s biggest auto manufacturing centers, introduced license plate auctions and lotteries last week that will roughly halve the number of new cars on the streets.
The crackdown by China’s third-largest city is the most restrictive in a series of moves by big Chinese cities that are putting quality-of-life issues ahead of short-term economic growth, something the central government has struggled to do on a national scale. 

At some point, Indian cities will also be compelled to curb private vehicles. 

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