Limited impact from rebate cuts
China's elimination of tax rebates on gasoline and diesel exports is expected to force exporters to sell part of the products in the home market but the impact will be limited as the rapid increase of domestic demand would be able to accommodate the supply rise, traders and company officials said.

Smooth shift in oil-products market
China is moving, gingerly and cautiously, towards liberalizing the tightly-controlled oil-products market as the deadline for the opening-up to foreign companies - according to World Trade Organization commitments - approaches.