Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

China lowers government controlled price of gas

by Tony Sagami on December 18, 2008

in General

We’ve been enjoying lower fuel prices for several months, but the Chinese have been stuck at higher prices because theChinese government, not the free markets, control the price of fuel.

Fuel prices were cut yesterday. A14% for gas, 18% drop in diesel prices, and a 30% drop in jet fuel prices.

Hmmm. Maybe it is time to take a look at those Chinese airlines again.

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