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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (69724)	6/21/2008 12:30:50 PM
From: Snowshoe	Read Replies (1) \| Respond to of 74559

>>Something is true, or not true - in China, "not true" is the better bet.<< The Chinese government just decreed a drastic fuel price increase. But here's the back-story... Government offers subsidies to sectors hit by price hikes By Wan Zhihong (China Daily) Updated: 2008-06-21 10:28 Comments(0) PrintMail The Ministry of Finance said on Friday it had allocated 19.8 billion yuan in subsidies to sectors that could be affected by fuel price hikes announced on Thursday. Among the subsidies, 12 billion yuan will be set aside for taxis, urban and rural buses, the fishery, and forestry sectors, while 7.8 billion yuan will go to grain producers, the ministry said. more: chinadaily.com.cn