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Topic - Nicholas Kwan
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"I think it's just a matter of time until they have to bite the bullet and raise domestic prices," Mr. Kwan said. "Otherwise, they risk an artificial shortage because oil companies will refuse to refine oil into gasoline if they are losing money."
Pressure is growing in energy, where Beijing is holding down retail prices by blocking state-owned gasoline and power companies from passing on higher costs, said Nicholas Kwan, an analyst for investment bank CLSA in Hong Kong.