CHINA MAKES NEW FRIENDS AND ENEMIES
Sunday, October 03, 2010
On 3 October 2010, we learn that China has pledged to prop up the eurozone and keep Greece afloat
According to the Mail on Sunday, Premier Wen Jiabao made this offer at the start of his two-day visit to Greece.
Wen said that "China is holding Greek bonds and will keep buying bonds that Greece issues.
"We will undertake to support eurozone countries and Greece to overcome the crisis."
Wen is to attend an EU-China summit.
In the USA, the House of Representatives has voted for a Bill designed to protect against Chinese imports if China does not allow the yuan to rise significantly.
China has warned the USA that this could damage economic ties.
(China warns US currency bill might harm ties)
Anti-Chinese riots in Indonesia, in May 1998.
The Independent tells us about The Great Haul of China:
Australia
China has acquired interests in methane, zinc, lead and iron ore.
Angola
China has a $1.3 billion investment in an ofshore oil field.
Argentina
China spent $3.1 billion to gain a 50% stake in an oil and gas company.
Brazil
China has spent $7.1 billion to gain a 40% stake in the energy firm Repsol
Canada
China paid $4.7 billion for a stake in an oil sands company.
Ecuador
China is working on the development of two major oil fields.
Guinea
China paid $1.4 billion for a stake in an iron ore mine.
Iraq
China won the bid to develop the giant Rumaila oil field.
Kazakhstan
China has agreed a $2.6 billion deal with the 4th largest oil producer.
Peru
China has a $3 billion investment in copper reserves.
Russia
China has a $25 billion deal for the supply of oil.
Uganda
China bought $2.5 billion of oil assets from a UK company.
Venezuela
China has invested in a major oil field.
China also has investments in Sudan, Nigeria, Democratic Republic of Congo and Zambia.
China has been buying everything from oil and gas reserves to mining concessions to agricultural land.
China is the second-largest oil consumer in the world.
China's economic growth is seen as being vital to getting the world out of recession.
China wins friends in places like Africa by offering top prices and big infrastructure investments, including hospitals, ports, and road and rail links.
China has been accused of paying bribes.
On 3 October 2010, we learn that China has pledged to prop up the eurozone and keep Greece afloat
According to the Mail on Sunday, Premier Wen Jiabao made this offer at the start of his two-day visit to Greece.
Wen said that "China is holding Greek bonds and will keep buying bonds that Greece issues.
"We will undertake to support eurozone countries and Greece to overcome the crisis."
Wen is to attend an EU-China summit.
In the USA, the House of Representatives has voted for a Bill designed to protect against Chinese imports if China does not allow the yuan to rise significantly.
China has warned the USA that this could damage economic ties.
(China warns US currency bill might harm ties)
Anti-Chinese riots in Indonesia, in May 1998.
The Independent tells us about The Great Haul of China:
Australia
China has acquired interests in methane, zinc, lead and iron ore.
Angola
China has a $1.3 billion investment in an ofshore oil field.
Argentina
China spent $3.1 billion to gain a 50% stake in an oil and gas company.
Brazil
China has spent $7.1 billion to gain a 40% stake in the energy firm Repsol
Canada
China paid $4.7 billion for a stake in an oil sands company.
Ecuador
China is working on the development of two major oil fields.
Guinea
China paid $1.4 billion for a stake in an iron ore mine.
Iraq
China won the bid to develop the giant Rumaila oil field.
Kazakhstan
China has agreed a $2.6 billion deal with the 4th largest oil producer.
Peru
China has a $3 billion investment in copper reserves.
Russia
China has a $25 billion deal for the supply of oil.
Uganda
China bought $2.5 billion of oil assets from a UK company.
Venezuela
China has invested in a major oil field.
China also has investments in Sudan, Nigeria, Democratic Republic of Congo and Zambia.
China has been buying everything from oil and gas reserves to mining concessions to agricultural land.
China is the second-largest oil consumer in the world.
China's economic growth is seen as being vital to getting the world out of recession.
China wins friends in places like Africa by offering top prices and big infrastructure investments, including hospitals, ports, and road and rail links.
China has been accused of paying bribes.
posted by Hanan Elbadry at 10:55 AM
0 Comments:
Post a Comment
<< Home