Chinese President Xi Jinping told Politburo and State Council officials to remain calm in the face of international and domestic pressure. China “must enhance its political capabilities and calmly respond to challenges brought about by changes in the domestic and international situation,” he was quoted by Xinhua. The comments provide a clue to China’s relatively measured response during the second Trump term. (BLOOMBERG)
Algeria’s national oil and gas company, Sonatrach, signed a $850 million contract with the Chinese oil giant Sinopec for hydrocarbon exploration and development. This is part of wider negotiations with seven companies, including Chevron, ExxonMobil, and Total. (REUTERS)