China to Freeze Energy Prices in an Effort to Quell Worries About Inflation - New York Times:
"Prime Minister Wen Jiabao responded Wednesday to growing public anxiety about inflation by announcing that China would freeze energy prices in the near term, even as international crude oil futures have continued to surge.
Last fall, refineries in China cut back production of gasoline and particularly diesel, causing long lines at fuel stations. Inflation has hit an 11-year high in China, and a recent nationwide public opinion survey found that “rising prices of consumer goods” ranked as the top public concern, followed by income inequality and corruption."
"Prime Minister Wen Jiabao responded Wednesday to growing public anxiety about inflation by announcing that China would freeze energy prices in the near term, even as international crude oil futures have continued to surge.
Last fall, refineries in China cut back production of gasoline and particularly diesel, causing long lines at fuel stations. Inflation has hit an 11-year high in China, and a recent nationwide public opinion survey found that “rising prices of consumer goods” ranked as the top public concern, followed by income inequality and corruption."
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