Price of the Traffic Jams in Beijing: $11.2 Billion a Year

September 29, 2014 by Joey Wang

Beijing’s annual bill for the infamous and endless traffic jams amounts to 70 billion yuan ($11.3 billion), a recent study has found. According to a 2014 survey conducted by Peking University’s National Development Research Institute, 80 percent of total loss relates to time wasted waiting, 10 percent to gas and 10 percent to environmental damage.