Beijing announced on May 17 that it will grant less residence permits (hukou) to college students this year. [Beijing News]
Beijing's announcement that it will grant less residence permits (hukou) to college students this year has boosted the price of the permits on the black market, Beijing Evening News reports.
據《北京晚報》報道，北京今年提供的高校畢業生留京指標將會縮減，因此北京戶口指標在黑市上的價格驟升。
The city announced on May 17 that this year's quota will be less than two thirds of last year's.
本月17日北京宣布，今年的指標將比去年減少1/3以上。
In response to the policy tightening, the black market price soared to 160,000 yuan, rising 30,000 to 40,000 yuan in just a few months.
![Beijing announced on May 17 that it will grant less residence permits (hukou) to college students this year. [Beijing News]](http://images.china.cn/attachement/jpg/site1007/20110526/00114320def10f47f25202.jpg "Beijing announced on May 17 that it will grant less residence permits (hukou) to college students this year. [Beijing News]")
