China spending US$2.27 billion on fuel subsidies
THE IMF is urging countries to reform their energy policies. It says those with the top subsidies, in terms both of per cent of GDP and per capita, stand to gain the most . . .
CHINA is expected to spend more than US$2.27 billion on fuel subsidies in 2015, the largest subsidy to be allocated by a single country, according to the International Mone- tary Fund (IMF).