Could Rising Gas Prices Stem From China? »
Posted By complicious 3 months, 4 weeks ago in Business & FinanceAs such, the middle class in China is growing at a rapid pace, and many people are using their new found wealth to purchase cars. It’s estimated that about 1,000 new cars are added to the road each day in the Beijing alone, not to mention China’s other populous cities. With a growing number of drivers on the road, the demand for gas and oil has been increasing steadily in China, almost by a double digital percentage each year.
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