Before I talk about the banking system I just want to mention a quick story. ?After the 18% hike in fuel prices last week I wondered how
taxi cabs in the major cities would fare – obviously fuel is a major component of their running costs. ?My understanding was that they had not been permitted to raise their prices in consequence of the price hike, and in Beijing I notice that I have been paying exactly the same prices for cab rides as I had before the price hike. ? Yesterday...
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