China to consider new fuel, natural gas pricing policy.Byline: BEIJING: (Category: Asia Pacific ) (Image: ) China is considering a new pricing policy for refined oil products and natural gas, as part of a series of measures to prevent big swings in economic activity and to maintain steady growth amid a global slowdown. "The government will proactively push forward reforms in key areas...seizing favourable opportunities to further rationalise Verb 1. rationalise - structure and run according to rational or scientific principles in order to achieve desired results; "We rationalized the factory's production and raised profits" rationalize pricing mechanism(s) for refined oil products and natural gas," the official Xinhua reported citing a cabinet meeting. The wording had been said many times before, but it was included this time in the seven tasks that the central government would undertake to implement the recently announced 10 measures to boost domestic demand to cope with the worsening wors·en tr. & intr.v. wors·ened, wors·en·ing, wors·ens To make or become worse. Noun 1. worsening - process of changing to an inferior state decline in quality, deterioration, declension global economic outlook. Beijing has long promised to liberalise Verb 1. liberalise - become more liberal; "The laws liberalized after Prohibition" liberalize change - undergo a change; become different in essence; losing one's or its original nature; "She changed completely as she grew older"; "The weather changed last energy prices as part of a drive to boost energy efficiency and conservation of resources Conservation of resources Management of the human use of natural resources to provide the maximum benefit to current generations while maintaining capacity to meet the needs of future generations. , but has been wary of the consequences of doing so amid rising inflation and soaring coal and oil prices. Rigid controls on fuel prices lead to either shortages or surplus, creating operating problems for both users and producers. The report did not provide more details, but analysts and industry officials have suggested it is a good time to liberalise fuel prices given international oil prices have more than halved halve tr.v. halved, halv·ing, halves 1. To divide (something) into two equal portions or parts. 2. To lessen or reduce by half: halved the recipe to serve two. 3. in the past several months and domestic inflation has waned. Given the hefty slump in crude prices and with gasoline prices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. even below China's for the first time in years, Chinese policymakers were considering cutting domestic fuel prices for the first time in almost two years. Copyright 2008 www.tradearabia.com Copyright 2008 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
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