日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Chinadaily.com.cn
 
Go Adv Search

Rising fuel prices drive worries over living costs, inflation

Updated: 2012-03-21 13:17

(Xinhua)

  Comments() Print Mail Large Medium  Small

BEIJING - China's most recent fuel price hike has triggered a fresh wave of inflation concerns among a cost-sensitive public that has seen soaring prices nip away at their incomes and drive up living costs.

To reflect price changes on the international crude oil market, China's top economic planner, the National Development and Reform Commission (NDRC), announced Monday evening that it would increase gasoline and diesel prices by 600 yuan ($95) per ton from Tuesday.

The news immediately became the focus of heated discussion on Sina Weibo, China's most popular Twitter-like microblogging service, as netizens gathered to assess the hike's impact on living costs.

"Oil prices rise again. Now I can afford to buy a car, but can't afford to drive one," read a Weibo post by "Ma JieMagic."

Many others voiced frustrations over wage increases not keeping pace with rising prices.

"How I hope our wage growth will keep pace with the oil price rises," read a response posted by "Xiaoyun."

The topic garnered nearly 28 million posts on Weibo by Tuesday afternoon, underscoring growing fears that the rise will kick off a new round of inflation.

These worries came as the price of scallion, a common food on China's dinner tables, has surged more than 50 percent year-on-year, despite the fact that inflation in the country has just started to ease.

Prices of some other vegetables, including cabbage, celery and tomato, also climbed to levels near or above the prices seen during the Spring Festival holiday period.

Government data showed that China's consumer price index (CPI), a main gauge of inflation, rose 3.2 percent year-on-year in February, marking the lowest rate of growth in 20 months.

The Chinese government aims to keep the CPI increase to around 4 percent for 2012. The index climbed 5.4 percent last year.

While the public is expressing concerns over the rippling effects of price rises, experts expect limited impacts on the CPI, as oil only accounts for around 0.5 percent of the basket of goods used to calculate China's CPI.

Data from Goldman Sachs showed that the hike is expected to add about 0.37 percent to the CPI's rise this month.

Zhuang Jian, a senior economist with Asian Development Bank, said communications and logistics sectors will be directly affected by the rise in oil prices, which will, in turn, influence the prices of agricultural products.

But he said impacts on overall prices are difficult to measure.

Heavily reliant on imports, China adopted an oil pricing mechanism in 2009 that allows the NDRC to adjust retail fuel prices when international crude oil prices change by more than 4 percent over 22 working days.

Oil prices have since been largely determined by international trends, bringing major uncertainties to the government's price-control efforts.

To mitigate the impacts, the NDRC said the government will provide subsidies for people working in the fishery, forestry and public transport sectors, which are most likely to be affected by price hikes.

In a bid to maintain prices, the government has also ordered railway and urban public transportation administrators not to hike prices.

The range of subsidy programs prepared in advance reflects the government's cautious steps for dealing with price hikes as huge uncertainties continue to loom over the country's price control target.

"Uncertainties both at home and abroad, including volatile commodity prices, weather conditions and rising labor and material costs, will make it difficult for China to keep the growth of inflation within 4 percent this year," said Zhuang.

Related Stories

Fuel-price drop good news 2011-10-09 07:39
Fuel-saving strategies to be extended 2011-09-17 07:39
Fuel prices raised by 6.5-7% 2012-03-20 08:03
主站蜘蛛池模板: 日韩av一 | 亚洲天堂中文字幕 | 麻豆国产原创 | 国产一区不卡 | 国产爽爽爽 | 日韩日日夜夜 | 男女嘿咻嘿咻视频 | 欧洲av在线播放 | 99爱国产| 亚洲成熟少妇视频在线观看 | 成年人免费视频播放 | 四虎成人精品在永久免费 | 亚洲香蕉中文网 | 色偷偷噜噜噜亚洲男人 | 午夜视频在线观看一区 | 波多野结衣久久精品 | 欧美亚洲专区 | 国产成人精品一区二区三区四区 | 超碰自拍 | 午夜家庭影院 | 欧美偷拍亚洲 | 五月婷婷亚洲综合 | 日韩午夜在线观看 | 嫩草影院污 | 天天综合网天天综合 | 国产精品久久久久久久久借妻 | 91成人免费网站 | 丁香婷婷久久久综合精品国产 | 欧美三级a做爰在线观看 | 日韩在线观看网站 | 久久久午夜精品 | 美女国产网站 | 国产 欧美 日韩 | 夜色综合 | 日日干日日 | 色婷婷激情 | 一本一本久久a久久精品牛牛影视 | 狠狠躁日日躁夜夜躁2022麻豆 | 青青操视频在线播放 | 日韩在线网址 | 国产精品午夜影院 |