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The country's largest PC maker, Lenovo, bought IBM's PC division, making it the sector's third largest player.
China's National Offshore Oil Corporation (CNOOC) has invested heavily in Nigeria's oil sector, including this rig near Port Harcourt. Now, CNOOC is in talks with the Nigerian government about access to some six billion barrels of oil in a deal that could be worth as much as $30 billion.
China Development Bank loaned Petrobras, Brazil's national oil company, $10 billion for a deep-water, offshore-exploration project.
China National Petroleum forked over $5 billion to develop a section of the South Pars gas fields in Iran.
Chinese construction firms are spreading throughout the world, erecting roads, dams, bridges, and airports.
In Angola, China is building football stadiums for next year's African Nations Cup as well as rail and road projects
Chinese takeover of the Swedish vehicle brand for $2 billion -- less than a third of the price Ford paid for it more than a decade ago.
Read more: Volvo
Greece's debt-ridden economy has received unexpected endorsement from China as the two countries announced multibillion euro accords to boost cooperation in fields as diverse as shipping, tourism and telecommunications.
Wei Jiafu, recently vilified in Greece, is now referred to affectionately by the local media as "Captain Wei." "We have a saying in China, 'construct the eagle's nest, and the eagle will come,'" he said during a visit to Greece last month. "We have constructed such a nest in your country to attract such Chinese eagles. This is our contribution to you."
Originally posted by KrazyJethro
They are investing in Africa, because obviously the western world likes to treat it crap. Perhaps they can help Africa because modern, which would seriously tilt the global power.
Originally posted by eldard
Or they are investing in Africa because they want the resources for themselves?
Originally posted by KrazyJethro
So, what's wrong with what they are doing?
Chinese investment in the Alberta oil sands, which in the past two years has topped $13 billion dollars from the likes of energy giants Sinopec, CNOOC and PetroChina. This already substantial foray into Canada’s Northwest may be just the tip of the iceberg, however, with the Chinese government eager to secure an oil and gas supply network, and the deep pockets to pay for it.
Originally posted by tooo many pills
How many U.S. companies have plants in China?
Originally posted by orkson
CHINA has become the first buyer of US debt.
How does USA manage to spend more money than it earns ?
- USA sells state bonds. That’s “money out of thin air”.
- Thanks to an enormous surplus in its trade balance, CHINA is able to buy mountains of those US state bonds.
This has for CHINA, several advantages :
- 1) The debt of the US Government feeds US consumption, which is largely on imported goods, that is, in CHINESE goods …
- 2) those bonds are “good money” for a lot of companies in lack of assets
- 3) China “holds the G…S” of USA. The more DEBT of USA, the more POWER for CHINA.
Look at the results (one could easily lengthen the list ...)
China is buying the World
The country's largest PC maker, Lenovo, bought IBM's PC division, making it the sector's third largest player.
China's National Offshore Oil Corporation (CNOOC) has invested heavily in Nigeria's oil sector, including this rig near Port Harcourt. Now, CNOOC is in talks with the Nigerian government about access to some six billion barrels of oil in a deal that could be worth as much as $30 billion.
China Development Bank loaned Petrobras, Brazil's national oil company, $10 billion for a deep-water, offshore-exploration project.
China National Petroleum forked over $5 billion to develop a section of the South Pars gas fields in Iran.
Chinese construction firms are spreading throughout the world, erecting roads, dams, bridges, and airports.
In Angola, China is building football stadiums for next year's African Nations Cup as well as rail and road projects
Chinese takeover of the Swedish vehicle brand for $2 billion -- less than a third of the price Ford paid for it more than a decade ago.
Read more: Volvo
CHINA in GREECE
Greece's debt-ridden economy has received unexpected endorsement from China as the two countries announced multibillion euro accords to boost cooperation in fields as diverse as shipping, tourism and telecommunications.
Wei Jiafu, recently vilified in Greece, is now referred to affectionately by the local media as "Captain Wei." "We have a saying in China, 'construct the eagle's nest, and the eagle will come,'" he said during a visit to Greece last month. "We have constructed such a nest in your country to attract such Chinese eagles. This is our contribution to you."
You are welcome to lengthen the list of the eagle's nests ...
The U.S. Army is assuring people that General Motors' deal to sell its Hummer brand to a Chinese company has nothing to do with the military version of the rugged vehicle. Officials said some people called the Pentagon, Capitol Hill and AM General LLC, the company that makes the military vehicles, asking if the rights to the Humvee had been sold to the Chinese. Steve Clawson, spokesman for the South Bend, Ind.-based AM General, said the military and civilian programs are separate. "GM's proposed sale of the civilian Hummer brand would have no impact on the military Humvee program," he said.
The "Mengshi (Warriors)" off-road military vehicle produced by Chinese automaker Dongfeng Motor surpasses U.S. Humvee in 12 out of 15 major battlefield performance indices, chief designer Huang Song has said. Use by the Chinese military force has proven that "Mengshi" overtakes Humvee in 12 indices, including the loading capacity and oil consumption, and are well-matched with Humvee in three other indices,