China Fights Inflation As Rising Prices Threaten Growth

Liu Shui Hua drives a car for a living in the southern Chinese province of Guangdong.

“Prices of everything are high, so people want to spend less, or use the car service less frequently. It’s the only way I can compete,” he says.

He feels squeezed. He is from Henan province in central China, and he finds Guangdong very expensive.

The government raised the price of the kind of petrol he uses by 30 fen (5 US cents) a couple of months ago.

It now costs about seven yuan a litre.

“They’ve cancelled the road tax because they’re getting so much more tax from the petrol,” Liu Shui Hua says.

“But it doesn’t make much difference, the cost of living is going sky high.”

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