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In China, lucky numbers is big money [May. 26th, 2006|05:13 pm]
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In China, lucky numbers is big money
HONG KONG, May 21 (UPI) -- The Chinese obsession of lucky numbers has helped fuel development in some cities as people cash in on items like custom license plates.

Hong Kong has been holding special auctions on license plate numbers since 1973, where people with big money to spend vie for plates with lucky numbers like eights and nines.

As China's economy grows more people have that kind of disposal income to spend.

Last week the Guangzhou Enterprises, Mergers and Acquisitions Service in the Pearl River Delta region held a license plate auction and raised more than $1 million.

The money will go to finance social services and infrastructure.

Hong Kong's Office of Telecommunications Authority is deciding whether a similar auction can be worked out for special phone numbers.

China's number fixation is about luck, where auspicious numbers are used in calculating how much to spend on gifts to when is the best date to move to a new house, China Daily reports.

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