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BEIJING () -- Most Beijing residents say they have accepted a city government decision to double prices of subway and bus tickets from January 1, but economists have warned the increase could fuel inflation.
The monthly subway ticket will rise to 40 yuan ($4.80) from 18 yuan starting Monday and the single-journey ticket will rise to two yuan from 0.5 yuan, a subway official said. Current prices have been in place since 1991.
The city government is expected to pay a subsidy of 400 million yuan in 1995 to keep the subway system going, up from 250 million in 1994, the subway official said.
Beijing Hikes Fares
28 December 1995
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