Chinese carriers should get some relief in the fourth quarter as the Chinese government decided to cut the price of fuel by CNY570 ($82.37) per ton owing to the recent drop in international oil prices. The reduction took effect Oct. 1. It marks the fifth time that Beijing has adjusted the domestic fuel price. It introduced a CNY210 per ton increase in the first quarter, a CNY80 drop in the second quarter, a CNY1,500 hike on June 20 and a CNY720 addition on July 8. HSBC noted that China ...

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