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Article: China to control oil prices in effort to curb inflation - analyst.
- Article from:
- China Business News
- Article date:
- January 10, 2008
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China to control oil prices in effort to curb inflation - analyst
Beijing. January 10. INTERFAX-CHINA - The Chinese government plans to take advantage of low demand for oil in the first two months of this year to stabilize domestic oil prices in an attempt to curb inflation, an oil market analyst told Interfax today.
"In the run up to the Spring Festival, the demand for daily goods like food will increase, lifting prices. However, the country's demand for oil will be relatively low, which will enable the government to attempt to curb inflation through controlling oil prices in the domestic market," a China Merchants Securities analyst, named Qiu ...