China'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.
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 |