Article

2004-09-29 Great White North

China's government has announced the takeover of the biggest mining company in Canada. Chinese firm, Minmetals, which is owned by the Chinese government, is said to be paying about $US5.7 billion, for Noranda Mining... [In] Alberta province, it has also been reported that the Chinese oil company Sinopec, which is controlled by the Chinese government, is in talks to acquire a large lease of oil bearing land... The two investments are the largest international deals by Chinese companies to date... The Chinese have enormous foreign currency reserves - more than $US466 billion and growing by about $US10.8 billion every month.

Posted by trailing wife 2004-09-29 2:41:04 PM|| || Front Page|| [11135 views since 2007-05-07] Top

#1 now is that cheap toaster worth the price?

Posted by Dan 2004-09-29 3:22:16 PM|| 2004-09-29 3:22:16 PM|| Front Page Top

#2 The Chinese are just seeking Canadian citizenship. Kinda.

Posted by lex 2004-09-29 3:34:16 PM|| 2004-09-29 3:34:16 PM|| Front Page Top

#3 Maybe it's time to militarize the northern border.

Posted by RWV 2004-09-29 4:29:29 PM|| 2004-09-29 4:29:29 PM|| Front Page Top

#4 Chinese firm, Minmetals, which is owned by the Chinese government ...

Anyone else see a pattern here? As I was mentioning over in the Pfizer ripoff thread:

"Remember, the military and politburo often have de facto control of many large industrial combines and banks."

Chinese intentions DO NOT include the expansion of free market trade practices, domestically or abroad. Any appearance of doing so is merely lip service and window dressing to appease the WTO and America's idiotic trade imbalance.

The Chinese have enormous foreign currency reserves - more than $US466 billion and growing by about $US10.8 billion every month.

Considering how America's annual trade deficit with China is some $127US BILLION, all of their "$10.8 billion every month" seems to be coming directly out of our own pocket. Isn't it time to change that in a big way? Don't depend on your politicians to do so, they've all been bought off by the Chinese or those who profit from doing business with them.

Posted by Zenster 2004-09-29 4:56:10 PM|| 2004-09-29 4:56:10 PM|| Front Page Top

08:52 Matt
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