China’s Wanhua Bets on Overseas Growth as Trade Risks Mount

China’s Wanhua Chemical Group Co. pledged to accelerate its overseas expansion to help counter rising trade risks after the petrochemical giant reported an increase in first-quarter earnings.

Net income rose 21% to 3.72 billion yuan ($546 million) in the first three months of the year, according to a filing late Monday. Wanhua also reported a 3.9% decline in full-year earnings for 2025, in line with analyst estimates.