China hikes petrol prices

Updated June 23, 2008 19:28:23

China's millions of car owners face sharply higher energy prices sparking widespread complaints about the cost of living. It's the latest Asian nation to curb energy subsidies by hiking retail petrol and diesel prices by as much as 18 percent.

Presenter: Sonja Heydeman
Speakers: Doctor Pradeep Taneja, Lecturer in Chinese Studies at Australia's Melbourne University; John Gruetzner, Vice Chairman of Intercedent Limited, based in Hong Kong