Chinese banks cut lending rates in latest bid to boost growth – business live

Chinese banks cut lending rates in latest bid to boost growth – business live - short news


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The head of oil giant Saudi Aramco has declared that his company is fairly bullish on China and oil demand, especially following Beijing’s stimulus package.

Speaking on the sidelines of the Singapore International Energy Week conference, Aramco CEO Amin Nasser said:

“We see more demand for jet fuel and naphtha especially for crude-to-chemical projects.”

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source: The Guardian - 21.10.2024

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