Beijing city to limit new car quotas in 2011

Newswire

BEIJING, Dec 23 (Reuters) - Beijing will cap its new small passenger vehicle quotas at 20,000 a month in 2011 as it moves to tackle the city's chronic traffic gridlock. The monthly quota will be distributed among fleet buyers and first-time private buyers, according to a statement posted on the municipal government's website. Only permanent residents of Beijing as well as those in police and military services are eligible and government agencies will not be allowed to buy new vehicles in ...

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