This sprawling Chinese refinery is bankrolling Tehran

August 16, 2026

Chinese leader Xi Jinping last year summoned dozens of leaders from the nation’s top private companies to a rare meeting, calling on them to help China navigate economic difficulties.

The petrochemical plant on Changxing Island is one of the five largest in China.
The petrochemical plant on Changxing Island is one of the five largest in China.

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