Sinopec, a listed unit of China Petrochemical Corp, saw net profit surge to 46.7 billion yuan ($6.8 billion) in 2016

Chinese Company Sues Venezuela over Failure to Pay Debt

One of China’s largest state-owned companies has filed a lawsuit against the Venezuelan state-run oil firm Petroleum of Venezuela (PDSVA) over their failure to pay their debt, the Financial Times first reported.