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Thread: World Sneezes, China's Just Fine???
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[quote=JIMMYB,277537]If you read the recent news, you wil find that several cities in southern China are lack of oil now. Although SINOPEC has got subsidies from the central government (about 12.3 billion yuan), they say that the money can't solve the problem. To solve the problem thoroughly, the government should improve the pricing system. I guess that the SINOPEC wants the government to allow them to raise the oil prices. This is impossible. A week ago, PetrolChina and SINOPEC submit their application to NDRC to lower the import tax on refined oil. It seems that they can't meet the domestic demand on oil.[/quote]
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