The equivalent of the COE in Singapore. In Singapore, it worked as a tax, but in China, it worked as a lottery ticket...
Car curbs drive licence plate prices to S$42,000 in Beijing
SHANGHAI — Beijing’s clampdown on new car registrations is creating a scramble for licence plates and fuelling a boom on the black market, where prices have hit as high as US$33,000 (S$42,000) — almost double the price of China’s best-selling car, the Ford Focus.
Keen to curb pollution and traffic jams, China’s capital city instituted a lottery in 2011, in which it initially awarded plates to one in 10 people hoping to get a car. This year, Beijing will cut the allocation of new number plates by 40 per cent to 150,000, meaning only one in 150 will get a plate.
The long odds have created a thriving black market, even though it is illegal to buy, sell or rent a number plate. Those eager to own a car say they are willing to take the risk.
...
http://www.todayonline.com/chinaindia/ch...00-beijing
The difference is that in Singapore, the money goes to the state coffer; but in Beijing it enriches a few lucky persons. No prize for guessing which one I prefer.
(05-02-2014, 10:05 AM)CityFarmer Wrote: [ -> ]The equivalent of the COE in Singapore. In Singapore, it worked as a tax, but in China, it worked as a lottery ticket...
Car curbs drive licence plate prices to S$42,000 in Beijing
SHANGHAI — Beijing’s clampdown on new car registrations is creating a scramble for licence plates and fuelling a boom on the black market, where prices have hit as high as US$33,000 (S$42,000) — almost double the price of China’s best-selling car, the Ford Focus.
Keen to curb pollution and traffic jams, China’s capital city instituted a lottery in 2011, in which it initially awarded plates to one in 10 people hoping to get a car. This year, Beijing will cut the allocation of new number plates by 40 per cent to 150,000, meaning only one in 150 will get a plate.
The long odds have created a thriving black market, even though it is illegal to buy, sell or rent a number plate. Those eager to own a car say they are willing to take the risk.
...
http://www.todayonline.com/chinaindia/ch...00-beijing
Ha! Ha!
It seems that as far as COE is concerned, our G is so much smarter than China's G.
i have my doubts.
i think it's because we are a little "RED DOT" that can easily MICRO-PSYCHO-MANAGE.
Besides, if all SMRT tracks are completed, and is working efficiently, what has our people to say?
The problem is even now SMRT can not cope with extra FTS and has been breaking down a little bit too often.
Our G and us?
(05-02-2014, 10:35 AM)egghead Wrote: [ -> ]The difference is that in Singapore, the money goes to the state coffer; but in Beijing it enriches a few lucky persons. No prize for guessing which one I prefer.
I always think that the money from the auctioning of the car plates goes to the Beijing municipal government coffers, does it not?
I have been to Beijing and one thing i am amazed is that they managed to implement a flat fare of 2 RMB for MRT travels in Beijing. They also have more MRT lines as compared to Singapore. Moreover, since they trains and tracks are relatively new compared to Singapore, they don't jerk and accelerate as bad as ours!
The low fare is made possible by annual subsidies of about ¥2 billion by the Beijing Municipal Government for subway operations, or about ¥0.81 (USD0.13) per ride.
http://en.wikipedia.org/wiki/Beijing_Subway
(05-02-2014, 11:28 AM)yawnyawn Wrote: [ -> ] (05-02-2014, 10:35 AM)egghead Wrote: [ -> ]The difference is that in Singapore, the money goes to the state coffer; but in Beijing it enriches a few lucky persons. No prize for guessing which one I prefer.
I always think that the money from the auctioning of the car plates goes to the Beijing municipal government coffers, does it not?
I have been to Beijing and one thing i am amazed is that they managed to implement a flat fare of 2 RMB for MRT travels in Beijing. They also have more MRT lines as compared to Singapore. Moreover, since they trains and tracks are relatively new compared to Singapore, they don't jerk and accelerate as bad as ours!
The low fare is made possible by annual subsidies of about ¥2 billion by the Beijing Municipal Government for subway operations, or about ¥0.81 (USD0.13) per ride.
http://en.wikipedia.org/wiki/Beijing_Subway
It is not by auction, but a lucky draw, with odds of 1 in 150. May be a new asset class of "car license plate" in Beijing, which provide yield for both rental and capital gain...
(05-02-2014, 11:28 AM)yawnyawn Wrote: [ -> ] (05-02-2014, 10:35 AM)egghead Wrote: [ -> ]The difference is that in Singapore, the money goes to the state coffer; but in Beijing it enriches a few lucky persons. No prize for guessing which one I prefer.
I always think that the money from the auctioning of the car plates goes to the Beijing municipal government coffers, does it not?
I have been to Beijing and one thing i am amazed is that they managed to implement a flat fare of 2 RMB for MRT travels in Beijing. They also have more MRT lines as compared to Singapore. Moreover, since they trains and tracks are relatively new compared to Singapore, they don't jerk and accelerate as bad as ours!
The low fare is made possible by annual subsidies of about ¥2 billion by the Beijing Municipal Government for subway operations, or about ¥0.81 (USD0.13) per ride.
http://en.wikipedia.org/wiki/Beijing_Subway
i also remember a big bottle of CHING TOW cost me only 50 Singapore cents a few years ago when i was in Beijing. i think it must be heavily subsidised too.
Sometimes, i just wonder how a communist country can do all this while a "little Red Dot" can not? Is it because of PAY AND PAY or because our G or people are really very "poor"? Or the people is really daft as labelled by one of our leader?
i am really confused as "Confucious".
(05-02-2014, 11:38 AM)CityFarmer Wrote: [ -> ] (05-02-2014, 11:28 AM)yawnyawn Wrote: [ -> ] (05-02-2014, 10:35 AM)egghead Wrote: [ -> ]The difference is that in Singapore, the money goes to the state coffer; but in Beijing it enriches a few lucky persons. No prize for guessing which one I prefer.
I always think that the money from the auctioning of the car plates goes to the Beijing municipal government coffers, does it not?
I have been to Beijing and one thing i am amazed is that they managed to implement a flat fare of 2 RMB for MRT travels in Beijing. They also have more MRT lines as compared to Singapore. Moreover, since they trains and tracks are relatively new compared to Singapore, they don't jerk and accelerate as bad as ours!
The low fare is made possible by annual subsidies of about ¥2 billion by the Beijing Municipal Government for subway operations, or about ¥0.81 (USD0.13) per ride.
http://en.wikipedia.org/wiki/Beijing_Subway
It is not by auction, but a lucky draw, with odds of 1 in 150. May be a new asset class of "car license plate" in Beijing, which provide yield for both rental and capital gain...
I see. It is quite confusing since the policies in Shanghai, Guangzhou and Tianjin differ from Beijing. In these cities, they have a mix between auction and lottery of car plates.
(05-02-2014, 11:49 AM)Temperament Wrote: [ -> ] (05-02-2014, 11:28 AM)yawnyawn Wrote: [ -> ] (05-02-2014, 10:35 AM)egghead Wrote: [ -> ]The difference is that in Singapore, the money goes to the state coffer; but in Beijing it enriches a few lucky persons. No prize for guessing which one I prefer.
I always think that the money from the auctioning of the car plates goes to the Beijing municipal government coffers, does it not?
I have been to Beijing and one thing i am amazed is that they managed to implement a flat fare of 2 RMB for MRT travels in Beijing. They also have more MRT lines as compared to Singapore. Moreover, since they trains and tracks are relatively new compared to Singapore, they don't jerk and accelerate as bad as ours!
The low fare is made possible by annual subsidies of about ¥2 billion by the Beijing Municipal Government for subway operations, or about ¥0.81 (USD0.13) per ride.
http://en.wikipedia.org/wiki/Beijing_Subway
i also remember a big bottle of CHING TOW cost me only 50 Singapore cents a few years ago when i was in Beijing. i think it must be heavily subsidised too.
Sometimes, i just wonder how a communist country can do all this while a "little Red Dot" can not? Is it because of PAY AND PAY or because our G or people are really very "poor"? Or the people is really daft as labelled by one of our leader?
i am really confused as "Confucious".
To be fair, our government has been quite good to bring us from 3rd world to 1st world. We get good paying jobs, affordable public housing as compared to cities like HK, first tier cities in China, Seoul, Tokyo. Of course, Singapore may not do as well when it comes to freedom of speech etc and transportation in recent years.
Frankly speaking, not everything over there is subsidised. it is expensive to live in Beijing if you are getting a local's salary. A fresh grad in Beijing most probably earns around 5000RMB. Medical care although subsidised, but is not enough to meet the needs of the population in Beijing, estimated at 20M in 2012.
The only thing the Chinese cities have yet to implement is the COE. Wonder when they will implement it to solve their jams on the roads. When I was in Guangzhou, their main roads around the GZ railway station are jam packed throughout the day, terrible!
(05-02-2014, 11:50 AM)yawnyawn Wrote: [ -> ] (05-02-2014, 11:38 AM)CityFarmer Wrote: [ -> ] (05-02-2014, 11:28 AM)yawnyawn Wrote: [ -> ] (05-02-2014, 10:35 AM)egghead Wrote: [ -> ]The difference is that in Singapore, the money goes to the state coffer; but in Beijing it enriches a few lucky persons. No prize for guessing which one I prefer.
I always think that the money from the auctioning of the car plates goes to the Beijing municipal government coffers, does it not?
I have been to Beijing and one thing i am amazed is that they managed to implement a flat fare of 2 RMB for MRT travels in Beijing. They also have more MRT lines as compared to Singapore. Moreover, since they trains and tracks are relatively new compared to Singapore, they don't jerk and accelerate as bad as ours!
The low fare is made possible by annual subsidies of about ¥2 billion by the Beijing Municipal Government for subway operations, or about ¥0.81 (USD0.13) per ride.
http://en.wikipedia.org/wiki/Beijing_Subway
It is not by auction, but a lucky draw, with odds of 1 in 150. May be a new asset class of "car license plate" in Beijing, which provide yield for both rental and capital gain...
I see. It is quite confusing since the policies in Shanghai, Guangzhou and Tianjin differ from Beijing. In these cities, they have a mix between auction and lottery of car plates.
It is true. We shouldn't take the whole China as one "country", rather as many smaller "countries" with quite a diff local policies...
Lottery is most likely an unfair game, especially when it can be easily manipulated, though many gamblers always think they are lucky.