China's hikes gasoline prices

(01:30) Report

June 20 - Many worry the move could spark social unrest and stoke already troubling inflation.

China will also raise average electricity tariffs by 0.025 yuan/kwh or about 4.7 percent on average, a rise that will primarily affect industrial and commercial users. The move comes as country's around the world struggle with sky high oil prices.

Kitty Bu reports.

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