Run, don't walk, to read today's article in the New York Times about how soaring gas prices, shortages due to continued subsidies, and a crashing stock market are affecting China. And make sure you check out the pictures! Here's a sampling, but read the whole article:

Returning the fueling nozzle to the pump, Zhang Li jumped into the driver’s seat of his gas-guzzling Land Rover. “Such a long line,” said the 45-year-old tour guide, shaking his head. “What’s the world coming to? My stocks are worth air, and now I have to wait an hour for overpriced gas, too.”
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Price controls have saved Chinese consumers and businesses billions ....