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Sino-foreign petrol stations are set to be established soon in China with the feasibility studies for Sinopec-Shell and PetroChina-BP joint ventures getting final approval from the government.
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Smart cards likely next year
Starting next year, China is expected to replace the existing plastic national identification (ID) cards with new chip-based electronic identity cards, according to sources.
Petrol station JVs under study
China has given the green light to two feasibility studies to set up 500 joint-venture petrol stations proposed by PetroChina and Britain's BP in Guangdong province and, another 500 by Sinopec and the Royal Dutch/Shell Group in the East China's Jiangsu Province, said sources.
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