China Cuts Fuel Prices - But Is It Enough?

China has implemented a cut in domestic fuel prices as part of a reform package to bring domestic prices closer in line with the global market. The government has lowered price caps on gasoline by around 14%, on diesel by around 18% and on kerosene by about 32%. The price cuts were announced on December 19 and precede a new fuel tax system that will take effect on January 1, 2009.

To read the full article, please choose one of the following options: