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Shanghai rakes in US$504m in car license auctions
By STAFF EDITOR
Published: February 29, 2008 01:00 AM
The Shanghai government collected US$504.06 million (RMB3.6 billion) from car licence plate auctions last year, the Oriental Morning Post reported. The money included RMB3.45 billion from the auction of 72,678 private car number plates, RMB71 million from the sale of 1,507 business car number plates and RMB74 million from transferring ...
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