China to continue raising fuel prices to correct economic … - Forbes- Fuel Economy

China to continue raising fuel prices to correct economic distortions - PBoC - Forbes. BEIJING (XFN-ASIA) - China will have to continue raising its domestic resources prices, even though the move could result in additional inflationary pressure, in order to correct the distortions in the economy caused by underpriced fuel, a senior official at the People’s Bank of China (PBoC) said. Assistant governor Yi Gang said the Chinese government has to choose the ‘lesser evil’ — inflation — instead of allowing underpriced resources to cause a further imbalance in the economy. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Sitemap Help Contact Us Investment Newsletters Forbes Conferences Forbes Magazines Forbes Autos Ad Information Forbes. read more

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