Monopoly Profits Lie Behind China’s Oil Prices, Says Economist

Hong Kong-based economist Larry Lang discusses gasoline and crude oil prices in China.
Monopoly Profits Lie Behind China’s Oil Prices, Says Economist
A car fills up at a petrol station in China's Anhui province on May 10. Recently the oil price for Chinese 93 RON (a rating of the octane level) gasoline was lowered by 0.43 yuan to 7.64 yuan per liter. STR/AFP/Getty Images
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<a><img class="size-large wp-image-1786212" title="144118981" src="https://www.theepochtimes.com/assets/uploads/2015/09/144118981.jpg" alt="a petrol station" width="590" height="442"/></a>
a petrol station

Gao Zitan
Gao Zitan
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