"China has indicated that it would not support taking Iran to the U.N. Security Council over its nuclear weapons program while signing a 25-year, $100 billion oil/gas deal with Iran. China's decision obviously pleased Tehran."

"China also worked hard against a strong U.N. resolution on the genocide in Sudan, which would have placed economic sanctions on the Sudanese government, in an effort to protect its $3 billion oil investment there. Khartoum could not have been happier with China's support."

"Petroleum leads the list of resources South American states have to offer China. Venezuela is the world's fifth largest producer of petroleum that produces 2.5 million barrels per day, providing the United States with 13-15 percent of its oil imports. China has invested over $1 billion in petroleum projects in Venezuela and is positioning itself to invest nearly $350 million to extract oil from eastern Venezuelan oil fields, as well as an additional $60 million in natural gas wells. China is also seeking to purchase petroleum from Ecuador, Argentina, Colombia, and Mexico.

Latin America is an important source of a variety of minerals and food items as well. Aluminum, copper, iron, and soybeans constitute a large part of China's imports from Latin America. For commercial purposes, China also obviously has a strong interest in the Panama Canal and access to good port facilities in the Caribbean.

During his visits to Brazil and Argentina in November 2004, Chinese President Hu Jintao announced plans to invest $100 billion in Latin America over the next decade, primarily for infrastructure and energy projects. These investments made by the Chinese government will undoubtedly bring political influence as well."

http://www.heritage.org/Research/Asi...ific/hl873.cfm

China eyes Europe after Unocal rebuff

CHINESE oil companies are expected to turn their attention to Europe and Australia in search of deals after CNOOC?s retreat yesterday from its $18.5 billion (£10.5 billion) bid to acquire Unocal, the American oil company.
CNOOC?s withdrawal, after a concerted political campaign in Washington against a Chinese takeover, left the way clear for Chevron, the rival bidder, with an offer of $17.3 billion.

In a statement, the Chinese oil company made clear that it regarded itself as the victim of unfair treatment, raising the prospect that US energy companies may find Beijing less welcoming in coming months.

CNOOC hinted it had been planning to raise its bid for Unocal but ?the political environment? dissuaded it from mounting a new offer. The Chinese company pointed to a sudden and late amendment by Congress to its energy Bill that extended the review procedure by the Committee on Foreign Investment in the US. ?The unprecedented political opposition . . . was regrettable and unjustified,? CNOOC said. ?This political environment has made it very difficult to assess our chance of success, creating a level of uncertainty that presents an unacceptable risk.?

American politicians were unmoved yesterday by Chinese suggestions that America was now a business environment with a high level of political risk.

Senator Charles Schumer, who indicated that he had not personally opposed CNOOC?s bid, suggested that China needed to address an uneven playing field. ?China likely wouldn?t allow an American company to buy a similarly situated Chinese company. If China were to open up . . . I think CNOOC would have had an easier time of it,? he said.

The financing of CNOOC?s bid with the help of government soft loans raised hackles, according to Adam Sieminski, an oil analyst at Deutsche Bank in New York.

However, the provision of cheap money by the State raised the possibility that a major Chinese oil company could turn its attention to Europe, hoping for less political opposition. ?Clearly, they would like to increase their international presence,? he said.

China?s headlong pursuit of energy assets abroad resembles that of Japan?s clumsy overseas ventures decades ago. The People?s Republic has an accelerating demand for oil, its consumption having risen by 15 per cent last year. However, its attempts to gain control of resources overseas have been rebuffed.

China could retaliate against US oil by opening doors wider to European majors, including BP, Shell and Total, City analysts suggested. Among potential targets could be BG Group, a company valued at $30 billion but with more attractive assets than Unocal, including liquefied natural gas technology, which is of critical importance for China.

Woodside, the Australian oil company in which Royal Dutch Shell has a one-third interest, is being touted as another bid candidate although Shell has long coveted full ownership and was itself rebuffed by the Australian Government in a takeover attempt three years ago.


http://business.timesonline.co.uk/ar...719013,00.html

they're buying everything from Putin and the Russians, otherwise their buildup would be slower

Bush is a traitor

China also is speeding on R&D since they have bought allot of tech transfers from around the world. Sooner or latter they won't need Russia anymore.

10 years ago americans were saying the same about chinese economy :pimp

this is the real threat.

http://www.williamhung.net/photos/CDCovers/7.jpg

whats the big deal? if a black dude in rancho cucamunga can own a shotgun and a 9mm i think a country should be able own some tanks and shit

T-99 Battle Tanks
 

http://www.centurychina.com/plaboard...9_dirtroad.jpg

http://www.centurychina.com/plaboard..._dirtroad2.jpg

81 celebration
 

Type-98
 

CHINA rules!

i want them naked... please....

Yeah are yummy :)

Venezuelan military to buy Chinese radar systems
 

Venezuela- Venezuela's defense minister has signed a deal to buy Chinese radar systems, the latest in a series of military purchases by the government of President Hugo Chavez.
The Chinese-made long range surveillance radars will be used by Venezuela's air force, defense officials said Friday.

Defense Minister Adm. Ramon Orlando Maniglia and Qu Huimin, the vice president of China's Electronics Import and Export Corp., signed the accord Thursday, the state-run Bolivarian News Agency reported.

The deal also includes the purchase of ``other air security equipment'' such as radios, and the possibility of renting a satellite communications system, the Defense Ministry said in a statement. The cost of the deal was not disclosed.

Venezuela has stepped up purchases of military equipment this year, agreeing to buy Russian rifles and military helicopters.

U.S. officials have accused Chavez of backing Colombian guerrillas with weapons - charges Chavez denies as ridiculous.

Chavez on Thursday night accused the U.S. government of spreading ``big lies'' to try to isolate his government.

``They accuse us of buying arms to give them to the guerrillas - no, they're for our troops,'' Chavez said.

The former army paratrooper has made a priority of fortifying Venezuela's military, saying troops are ready to face any foreign attack if necessary.

U.S. officials have strongly denied Chavez's accusations that they are plotting against him.

Venezuela is the world's No. 5 oil exporter, and a major supplier to the United States. AP

http://latelinenews.com/ll/english/1374714.shtml

get a life

glad to see socialism working right somewhere, well social-democracy to be more accurate