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The Informal China Banking Sector is Growing

Posted on May 22, 2008

After Wednesday s stock market excitement, the government quashed rumors Thursday that they were going to relax prices on refined oil products. According to China Daily, the National Development and Reform Commission [NDRC], China'seconomic planning agency, said rumors that the authorities plan torelax domestic oil and gas price controls are baseless. The Shanghai Securities News,the official paper of the stock exchange, quoted an unidentifiedgovernment official as saying that relaxing the pricing regime wouldhinder earthquake relief and reconstruction. Whatmay have started th...

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china , shanghai