Chinese oil producers’ shares rise on tax relief

Mainland oil producer shares rose on Monday morning after the central government announced it would raise the threshold for a tax on oil sales revenues, reducing the financial burden on producers who have seen profits squeezed by sharp falls in crude oil prices since June

via South China Morning Post - Business feed http://www.scmp.com/business/companies/article/1670402/chinese-oil-producers-shares-rise-tax-relief