In Beijing on Tuesday, long lines began to form around gas stations across the city. It was one of the first tangible signs of the government’s decision to raise fuel prices, which went into effect Tuesday at midnight. Read more

Kiran Stacey

A fascinating (and ever so slightly gruesome) story from Leslie Hook, reporting from Beijing in today’s FT.
The Chinese government’s commitment reduce energy consumption per unit of GDP by 20 per cent from 2005 levels has led to power rationing, which in turn has fuelled a boom in diesel-powered electricity generators. Read more