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China’s President Xi Jinping urged multinational CEOs to safeguard global trade and supply chains amid rising US tariffs, emphasizing the need for cooperation to stabilize the economy. The meeting, attended by around 40 executives, highlighted concerns over tightening regulations and foreign investment challenges in China. Xi noted the significant contributions of foreign enterprises to China's economy, while reiterating the mutually beneficial nature of China-US trade relations.
Saudi Aramco views China as a vital investment destination, focusing on opportunities in power generation, chemicals, and technology. CEO Amin Nasser highlighted ongoing projects in various provinces and emphasized the importance of reliable oil and gas supplies for China's economic growth and industrial future. The company is expanding its presence with a new refinery and petrochemical complex in Fujian, set to be operational by 2030.
Saudi Aramco plans to reduce its 2025 dividends by nearly 30% to $85.4 billion, following a 12% drop in net profit to $106.2 billion in 2024, attributed to lower revenue and rising costs. The company’s revenue fell to $436.6 billion, with a decrease in average oil prices impacting earnings. Despite these challenges, Aramco aims to invest between $52 billion and $58 billion in 2025, while maintaining optimism about future global oil demand.
Amin Nasser
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
China's Xi urges CEOs to safeguard trade amid looming US tariffs
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13:01 28.03.2025
Saudi Aramco strengthens investment ties with China amid energy demand growth
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