Cars sit in traffic in the Futian district of Shenzhen, China, on Tuesday, Dec. 17, 2013. Chinese households’ concentration of wealth in real estate is magnifying the danger to the world’s second-largest economy of any property bust, as the nation grapples with the consequences of its record credit surge. Photographer: Brent Lewin/Bloomberg One of China’s richest cities has issued restrictions on new car sales, highlighting another constraint on growth for an industry already feeling the effects of the country’s slowing economy. Shenzhen, in southern Guangdong province, was the last of China’s four “tier-one” cities — large urban clusters with high per capita gross domestic product figures — to limit the issuance of new licence plates, following similar moves by Beijing, Shanghai and Guangzhou . Under the new rules, announced on Monday and effective immediately, only 100,000 new licence plates will be issued annually in Shenzhen via a combination of […]