Oil giants' huge subsidies may fade under reforms

Oil giants' huge subsidies may fade under reforms
Global Times
Due to the government's control of domestic oil and natural gas prices, China's energy companies have been suffering losses in the refinery business as they rely heavily on imported crude oil. PetroChina reported 33.6 billion yuan of losses in its ...http://www.globaltimes.cn/content/778956.shtml#.UYPAmhk1Y7A