Want To Drive In Shanghai? That'll Be $10,000 For A License Plate

The unprecedented consumption growth of 1.3 billion Chinese is taking a strong toll on China's environment and infrastructure. One area where China's new status as economic superpower is cars. In 2009, China surpassed the U.S. in auto sales and is steadily growing. Good news for automakers, but new cars are being sold at a rate that Chinese roads can barely handle. The government has taken notice, and has inaugurated policies that, while limiting the number of cars, have provoked unintended cons...