The Daily Stat: Homes in Formerly Bombed-Out Areas of Rotterdam Now Command Higher Prices

 

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August 12, 2013 Car Density on China's Roads Rivals That of Los Angeles Every kilometer of road in China has an average of about 200 cars, as many as in Los Angeles, one of America's most congested cities, according to a Wall Street Journal report quoting UBS Securities. The average speed of car traffic in 14 Chinese cities is less than 20 kilometers per hour, and in Beijing it is significantly lower. Chinese cities are taking steps to restrict the number of cars on the road. Shanghai, for example, issues 9,000 to 10,000 license plates per month, auctioning each at an average price of 82,000 yuan ($13,400). SOURCE: In China, Air Pollution Rules Spur Big Car Purchases

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