China raises fuel prices in record hike, activates emergency curbs
Economy
Energy mix heavy on coal, renewables seen limiting consumer impact
An employee at a gas station holds a nozzle ahead of the announcement of a Chinese fuel price hike amid the U.S.-Israeli conflict with Iran, in Beijing, on March 22. © Reuters
SHANGHAI — China on Monday announced its second fuel price hike this month, lifting prices by a record amount despite taking emergency measures to curb a surge in gasoline prices, underscoring the pressure to soften the impact of the Middle East conflict on the economy.
