Chinese car plate prices shoot up

Beijing, Feb 24: Frenzied car buying before Chinese New Year helped push up Shanghai plate prices beyond 80,000 yuan ($12,830) for the first time, a media report said Sunday.

The average price for a Shanghai car plate shot up to 83,571 yuan – 8,239 yuan more than in January, Shanghai Daily reported.

Shanghai made 9,000 car plates available for this month’s auction, the same as January and the lowest number since last April.

IANS