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.
据《北京晚报》报道，北京今年提供的高校毕业生留京指标将会缩减，因此北京户口指标在黑市上的价格骤升。
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，今年的指标将比去年减少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]")
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