| Jianshuo, I agree with you on the effect of gas price. People will adjust to the reality and pay the going price after this initial price hike. Keep in mind the gas price in China is still cheap compared to the rest of world. Here in midwest US the #87 regular unleaded cost $4.00 a gallon, or $1.00 (7 Yuan) a liter. In Europe the price is much higher. I think the Chinese goverment did the right thing here. Let the market decide. After couple more price hike, people will change their behavior. More public transportation, less pollution. From my own experience, I do much less leisure driving these days compared to 10 years ago when the gas is 80 cents a gallon. |
Gas Price and Plastic Bags