Tianjin residents go on car-buying spree
By Yang Yao in Beijing and Zhang Min in Tianjin | China Daily | Updated: 2013-12-17 07:13
A new measure by Tianjin to restrict the number of new car license plates on Monday created a buying spree by residents eager to purchase cars at the last minute.
In an attempt to reduce traffic jams and air pollution, the city imposed a quota on new car plates starting on Monday, requiring buyers to take part in a lottery or bid at auction to win a plate, according to a notice issued by the city government on Sunday at 7 pm.
Cars purchased before 12 am on Monday would be issued license plates, the notice said, leaving only five hours for residents to obtain the last freely issued plates.
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