Gasoline Shortages in China
Sun Bin has a picture:
Sun Bin: China's oil price (ii) - and transition of SOE: As predicted in my earlier post, China anti-market pricing policy is running into crisis. Gas stations in Guangdong refuse to sell and Sinopec/CNPC are not supplying the retail stations. Long lines make fueling wait into hour-long ordeal, or sold out when you reach the pump. Even People's Daily is admitting it now...
