Monopolies Behind Beijing's Parking Lot Blues
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.
- 1Cover Story: Tech Giants Bet on the Smart-Car Revolution
- 2Finance Ministry to ‘Actively’ Push Property Tax Legislation
- 3Beijing Exhibitions: Everything You Need to See in April
- 4Update: Alibaba Fined $2.8 Billion in Landmark China Antitrust Ruling
- 5Bond Defaulter Brilliance Auto Faces Lawsuits Over $457 Million
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas