China’s oil teapots rocked by tax rules that threaten closures

China’s oil teapots rocked by tax rules that threaten closures

CHINA’S smaller, independent oil refineries are getting squeezed by a stricter tax regime, which could accelerate shutdowns in the embattled sector. The refiners, dubbed teapots, are in the crosshairs of the government’s drive to root out overcapacity. Local authorities, including in the industry’s hub of Shandong province, are targeting tax breaks on one of their…

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Tesla prepares to deploy long-awaited FSD features in China

Tesla prepares to deploy long-awaited FSD features in China

TESLA is readying a software update for customers in China to offer driver-assistance capabilities similar to those marketed as Full Self-Driving (FSD) in the US, according to a source familiar with the matter. The update planned for the coming days will allow Tesla owners to use driver-assist features on city streets, said the source, who…

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