Life of Chinese People Under Soaring Oil Price

Driving home and to work everyday, Chen Yi has been attaching more and more attention to the soaring oil price in the international market during the past year.

Working at a media company, Chen earns about 5,000 yuan (604 US dollars) a month, an income ensuring him a not bad life in the capital of China.

However, Chen said that every time he saw the international crude oil price hick up to new high, he would feel shocked, though his life has not been much affected by the astonishing oil price.

Chen was given another big shock on Thursday when the closing price of light crude oil hit 61.28 US dollars for the first time in the New York Mercantile Exchange (Nymex). “What I am worrying about is that China’s gasoline price will be raised again,” he said.
China Economic Net