Overview of China's recent resource deals
Filed under: Quest for natural resourcesChina's shopping all over the world for natural resources: petroleum, copper, tropical hardwood, uranium, ethanol, you name it. To do so it sends out President Hu, who travels more than any other head of state on this planet. Jetlags aside, his trips are always a success.
Smile. Snap. Nice picture, nice deal. Next!
Let's have a look at some of the recent bilateral deals China struck with governments from all over the world.
Energy
Let's start with the ultimate resource, the magic stuff that powers all things modern: oil.

Until 1995 China was self sufficient when it comes to petroleum production. From that year on it became an importer. China alone accounts for 40% of the world's current growth in petroleum consumption. | Read more |







Sunday, June 04, 2006
China envoy defends its Africa policy
A top Chinese diplomat has vigorously defended his country's growing economic involvement in Africa, including close trade links with Zimbabwe and Sudan.
The charge d'affaires at China's South Africa embassy, Zhou Yuxiao, said China was just protecting its own interests.
Its policy of non-interference in the affairs of others has nothing to do with its need to import oil, he added.
China's quiet pursuit of raw materials in Africa in return for cheap Chinese goods has caused considerable concern.
But in a robust defence of his country's policy, the charge d'affaires told the BBC that China had nothing to apologise for.
Yes, it was buying up African oil, he said, but importing no more globally than either the United States or Japan and he denied that China was undermining international attempts to put pressure on Sudan and Zimbabwe.
Beijing, he said, was only protecting its own interests and did not believe economic embargoes and disengagement were necessarily the best way to promote good governance.
Those words may have significance beyond Africa.
Not only has China fiercely resisted UN sanctions against Sudan for its Darfur policy, it has also been opposed to using the threat of sanctions against Iran and, judging by these comments, that is not about to change.
The interview with Zhou Yuxiao is broadcast in BBC Radio Four's World This Weekend programme at 1200 GMT
BBC. | Read more |
posted by lorenzo at 8:57 AM 6 comments