Sunday, July 19, 2009

SinoPec Outsmarted By Chinese Netizens

SinoPec was forced to admit they bought a $2.5 million chandelier in a new office building.

In the past week, Chinese BBS and online forums were infected with posts alleging SinoPec, a state owned petroleum company, spent $30 million on a chandelier when they upgrade their office building. Yesterday, the company made a clarification statement that the chandelier only cost $2.5 million.

SinoPec is resented by almost every private driver because of their pricing on gasoline, and their claim that gasoline should be sold at the same price in China and in the US.

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