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| Economy | |
| China Buys Greece | |
| 2010-06-20 | |
| China is hunting for bargains in some unlikely corners of the world. Earlier this week, it opened its checkbook to make 14 commercial investments inside Greece, which is struggling to avoid defaulting on its mounting debt. China's vice premier Zhang Dejiang signed off on each contract, securing deals in major industries such as telecommunications, real estate and shipping during his four-day visit to Greece, which began on Monday. Chinese investments in Europe have been relatively insignificant in recent years. But its deals with Greece paint a new picture of China's financial landscaping. According to Greek officials, the 14 deals signed this week mark China's largest foray into investment in Europe. And there will likely be many more to come. China's brokered deals with Greece point to its ulterior power playing and market building strategy. It is getting in on the cheap in a region that's economically depressed and at the same time, it's purchasing a favorable reputation in Europe and around the world. It is making a stealthy land grab.
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| Posted by: Anonymoose |
| #3 OOOOOOOOOO, you just know OSAMA + ZAWAHIRI + ... + MOUD, NASRALLAH, ADAM GADAHN + RISING EURABIA + LONDONISTAN, ETC. will have something to say about the PLAN basing major warships + probally PLAAF, etc. on SACRED EURABIAN SOIL??? |
| Posted by: JosephMendiola 2010-06-20 23:35 |
| #2 "CHINESE GREECE" Versus To wit, WMF > GERMAN MEDIAS: CHINA DESIRES A MINIMA OF TWO AIRCRAFT CARRIER GROUPS CAPABLE OF REACHING + OPERATING IN AFRICA ZONE, OR IN THE ATERNATIVE "APPEARING" TO BE CAPABLE OF SUPPORTING CHIN-LED MIL INTERVENTION, BEIJING POLICIES IN AFRICA. DESIRE BY BEIJING FOR CHINA TO REPLACE OR SUPPLANT EUROPE'S + RUSSIA'S INFLUENCE IN AFRICA. * SAME > THE GERMAN KAISER/BISMARCK SPEAKS CHINESE?: CHINA IN NEGOTIATIONS TO ESTABLISH A FORMAL PLAN CARRIER, NAVAL PORT ON THE ENGLISH CHANNEL COAST OF EUROPE? Africa + Micronesia Colonies, GERMAN HIGH SEAS FLEET, JUTLAND, DOGGER BANK, ...and all that jazz = BISMARCKIAN "BLOOD + IRON" ala PRUSSIA. INDIANA JONES-VS-THE-KAISER!? Once again, all together + wid feeling, SINK THE TIRPITZ, SINK THE TIRPITZ; + THE GORGE-BUSTERS! |
| Posted by: JosephMendiola 2010-06-20 23:29 |
| #1 "How much of Canada's oil sands production do they own?" So far, it is marginal. They have between 40%-60% (the 60% in two underdeveloped localities) stake in some areas, but these are only selected loci and do not represent an overall acquisition. The main idea behind Chinese investment is to secure an oil supply for China. There was a project that was supposed to provide a pipe to deep sea port to be built in the North Passage that was supposed to be funded 90% by PetroChina, but they withdrew as the regulatory process seemed to be too slow for their tastes and patience. |
| Posted by: twobyfour 2010-06-20 18:40 |