Reuters: The Chinese capital of Beijing will raise water prices this year as it tries to conserve precious supplies, China News Service reported, citing a local official. Cheng Jing, the head of Beijing’s water resources bureau, told a conference on Sunday the city would draw up price hike plans within the next two months. He said the postponement of a project aimed at diverting 1 billion cubic meters of water a year to the capital had put the arid city under even more pressure to …