Shanghai releases more car plates to curb prices Korean Whimsical divas. gripping hotties.

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Shanghai (CNS) -- In an effort to curb rising prices, the government of Shanghai will increase its number of issued license plates to a record high of 11,000 in the coming month, the government said Tuesday.

The government also said the car plates should be reserved for new cars only, and that second-hand cars with local plates can not be resold or change plates within a year.

These new measures are to take effect on April 20, the day of the auction.

The average monthly increase of the prices of license plates in the city have hit 10,000 yuan (US$1,612) this year.

The Shanghai government last month issued policies such as limiting the prices of second-hand cars with local plates. But this achieved little effect, as prices at March's auction exceeded 90,000 yuan for the first time.