Energy deals behind Chinese visit - Democratic Underground

lovuian

(1000+ posts) Send PM | Profile | Ignore

Wed Jan-11-06 06:01 PM
Original message

Energy deals behind Chinese visit

http://news.bbc.co.uk/2/hi/business/4600946.stm

The Chinese Foreign Minister Li Zhaoxing is beginning a week-long visit to Africa during which energy deals will be high on the agenda.

China is increasingly looking to Africa for oil and gas as its economy booms.

But the Chinese are looking too at other African resources - particularly its timber reserves.

In the meantime, there is Western concern that some of Beijing's partnerships are providing a shield for undemocratic and corrupt practices.

more...

Theres a New guy in town and China needs oil and is competing with America for it...they got Nigeria now they need more...

Printer Friendly | Permalink | | Top

VegasWolf

(1000+ posts) Send PM | Profile | Ignore

Wed Jan-11-06 06:03 PM
Response to Original message

1. Yes! and they need a lot more of it than we do. In addition, they can

and will outbid us in a price war. Welcome to the United States of Mexico, circa 2010.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Sat May 04th 2024, 10:40 PM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.