it's insane. china's 16% increase in fuel prices is causing inflation, which will effect china's rural poor the most. citizens are constantly losing 30% (on average) of their saving in the chinese stock market because of subsidies on gasoline. the two major providers of petro in china are being handed 22 billion a year because they can't sell gas at true cost. this effects the whole market as those two companies can makeup 16 to 22% of china's trading.
learn more here.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment