CHINA MAKES NEW FRIENDS AND ENEMIES

Chinese boys posing, Xiangcheng, by rheanna2 All Rights Reserved

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.

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NIGERIA, INDONESIA and THE CHINESE

THE CIA IN NIGERIA

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hello

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