China will temporarily stop adjusting domestic gasoline and diesel prices amid worries about pollution, a development that may crimp Chinese demand and further weigh on global markets. The National Development and Reform Commission, the country’s top economic planner which controls prices through a government price mechanism, said it was concerned falling global benchmarks are encouraging wasteful consumption. The commission didn’t say when oil-product price adjustments would resume. In a brief statement, it said the government would introduce a new system for adjusting oil product prices but didn’t specify a time frame. “When oil prices are low, keeping domestic oil-product prices stable helps curb the fast growth of oil consumption,” the statement said. Chinese demand has been a bright spot in an oil market that has been hit by plentiful supplies, seasonal factors and sluggish global growth. U.S. benchmark Nymex crude fell below $36 a barrel in recent days before […]