Govt offers subsidies to sectors hit by price hikes

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China allocates $2.8b in subsidies to offset fuel hikes
China raises prices of oil, electricity

By Wan Zhihong (China Daily)
Updated: 2008-06-21 09:50

A board shows fuel prices at a gas station in Beijing June 20, 2008. China's hike in domestic fuel and electricity prices is set to boost stock indexes as shares in oil refiners and power generators rise, while it will put upward pressure on long-term bond yields, analysts said on Friday. [Agencies]

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