China’s Subdued Inflation Gives Li Room to Revamp Prices

China’s Subdued Inflation Gives Li Room to Revamp Prices

Keith Bedford/Bloomberg

Taxi fares in Beijing may rise soon. The city this week published proposals to increase fees for the first time since 2006, including boosting the base fare to 13 yuan ($2.10) from 10 yuan, according to the official Xinhua News Agency.