Caixin
Nov 29, 2011 03:15 PM

Monopolies Behind Beijing's Parking Lot Blues

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Two czars of the parking business in car-crazy Beijing have been arrested in a case that underscores the seriousness – and perhaps one cause – of the city's massive parking shortage.

Jia Wei, the now-deposed chairman of state-owned Gonglian Anda Parking Management Co., was charged with accepting 2 million yuan in bribes between August 2006 and May 2010 from Qi Li, a private car-park manager.

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