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禄 Hangzhou
Car plate prices rise
The average price of a car plate this month reached 21,316 yuan (US$3,404) for individual buyers, increasing 3,132 yuan from February.
The average bid for institutional buyers was 21,779 yuan with the lowest being 19,600 yuan.
Hangzhou holds a car plate auction and a lottery every month with an annual quota of 80,000 car plates.
More information can be found at http://xkctk.hzcb.gov.cn and www.hzqcjj.com.
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