The Politics of Gas Prices in China
by Nicholas Borst | September 6th, 2011 | 03:08 pmGas prices in China are a window into an increasingly contested reform process where organized groups are becoming more adept at defending their interests. The benchmark price for both crude and refined oil is set by the National Development and Reform Commission (NDRC), China’s top economic policymaking body. Severely underpriced in the 1980s, the price of gas [...]