China to take small steps towards oil price liberalization – analysts

China will likely take a step-by-step approach towards liberalizing domestic prices for oil and oil products following this year’s National People’s Congress which is to due to conclude today, analysts said.

China’s policymakers must balance the needs of its rural poor who would be hurt by any increase in prices for oil products, with the bottom lines of its battered oil refiners, whose health is crucial to China’s long-term economic growth.

Forbes