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No electricity rate hike expected

By Zhang Qi | China Daily | Updated: 2010-05-26 07:46

BEIJING - China's electricity prices will not ramp up in the near term, even though the government is under huge pressure due to rising coal prices, a senior official said on Tuesday.

"Now the Consumer Price Index (CPI) is fairly high, so raising electricity fees will not be proper," said Jiang Zhimin, vice-chairman of the China National Coal Association.

Coal prices will remain at the current level, and are not expected to fluctuate much in the second quarter, he said.

No electricity rate hike expected

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