Search results: gasoline prices
China Raises Gasoline and Diesel Prices at the Pump

China Raises Gasoline and Diesel Prices at the Pump

As a result of rising crude oil prices, and taking advantage of a drop in the country’s inflation rate in May, China raised gasoline and diesel prices for the first time in eight months this Friday. As of midnight, gasoline prices were raised by 0.8 yuan (12 cents), and diesel 0.92 yuan (13 cents), per […]

Amid Plunging Oil Prices, Beijing Raises the Cost of Fuel

Amid Plunging Oil Prices, Beijing Raises the Cost of Fuel

One of the criticisms frequently leveled at China is that the government controls energy prices at below-market levels. In a world concerned with increasing carbon emissions, encouraging greater consumption with below-market pricing seems strangely out of synch—particularly by a country that is already the world’s second-largest energy user.   Of course, there are always two […]

Pork Prices Soar; Hogs in Short Supply

How are seemingly unrelated items such as the high cost of oil, growing demand for ethanol, higher corn prices, restaurants closing in Northeast China, disease and China’s urbanization all related? Well, it seems that pork has now joined aluminum, copper, zinc, molybdenum and virtually every other raw material whose price has soared due to the […]

2018: A Transition Year for China Autos?

2018 may be shaping up to be a transition year for China automobiles. It may be the year that marks the end of the industry’s nearly 20-year growth phase, and the beginning of a mature phase where vehicle sales grow in line with overall economic factors. According to the China Association of Automobile Manufacturers (CAAM), […]

Natural Gas Vehicles in China

Natural Gas Vehicles in China

With the price of a gallon of gasoline in the United States now at $4 — and climbing — CNBC’s Rick Santelli is making it his personal mission to demonstrate to the world that cars can easily be converted to run on natural gas. Santelli is best known for starting the Tea Party movement with […]

Sino-U.S Relations: A Long Way to Go

In April, the American Chamber of Commerce in China, which represents 1,200 U.S. companies, issued a report saying that China is increasingly using discriminatory rules to reduce access to previously open areas of its economy and to promote its own technology industries. The report highlighted complaints about efforts to nurture China’s computer and other technology […]

2009: The Year Global Autos Shifted to China

When we look back 20 years from now, the year 2009 is likely to be viewed as the year in which the baton of leadership in the global auto industry passed from the United States to China. For the last 100 years, the American car market and American carmakers set the pace in the global […]

Autos Lead the Way

As an unprecedented 1,500 foreign and domestic automakers and parts suppliers gather in Shanghai for China’s annual auto expo, China stands out as the only bright spot in an otherwise gloomy global auto industry. China’s auto sales hit a monthly record of 1.11 million vehicles in March, exceeding U.S. sales for the third month in […]

Bailout for China Auto’s: A Misnomer

Bailout for China Auto’s: A Misnomer

I have to admit that when I first saw the headline, Facing a Slowdown, China’s Auto Industry Presses for a Bailout From Beijing,  I marveled at how quickly bad ideas now make their way around the globe.  After reading the article, though, I had a somewhat different take. What the Chinese automakers want is fundamentally […]

The Road Ahead For China Autos

The combination of a housing slump and oil at about $140 per barrel is proving to be the straw that is breaking the back of the U.S auto industry. U.S. auto sales plunged in June as the economic slowdown and high gasoline prices have hit all U.S. carmakers hard. Sales were down 28 percent at […]