06-07-2005 02:23									#1
	Oh, the irony... Support Apolyton, buy Civilization III: Complete

quote: China: U.S. Must Not Meddle With Takeover The Associated Press Tuesday, July 5, 2005; 3:22 AM BEIJING -- China on Tuesday demanded that Congress "correct its mistaken ways" and stop interfering in the proposed takeover of the Unocal oil corporation by China's state-owned CNOOC Ltd. American politicians had warned the $18.5 billion takeover bid announced last month could pose risks to U.S. national security and called for a full review by the Bush administration. The Chinese company's officials have welcomed a security review and denied that CNOOC was acting on behalf of China's government, which is in the midst of a multibillion-dollar campaign to secure foreign oil and gas supplies to power its booming economy. "We demand that the U.S. Congress correct its mistaken ways of politicizing economic and trade issues and stop interfering in the normal commercial exchanges between enterprises of the two countries," the Chinese Foreign Ministry said in a statement released Tuesday. China has been insisting CNOOC's offer is pure business. "CNOOC's bid to take over Unocal is a normal commercial activity between enterprises and should not fall victim to political interference," said the statement. Developing bilateral economic and trade cooperation is in the interests of both sides, the statement said. CNOOC is bidding against Chevron Corp. for Unocal, the ninth-largest U.S. oil and gas firm. The Chinese firm has argued that its offer will benefit the United States by paying Unocal shareholders more and causing fewer job losses. © 2005 The Associated Press

This is rich. Communist China telling us not to interfere in private investment

	06-07-2005 02:31									#2
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But the irony is double-edged since it works equally well when you look at the US response to someone "foreign" trying to buy Unocal even while they continue to argue for the right for US enterprises to invest freely pretty much anywhere in the world

	06-07-2005 04:49									#3
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Wonder what would happen if Exxon-Mobile started setting up service stations in China.

Exxon = Sign of the Double Cross.

	06-07-2005 05:05									#4
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quote: Originally posted by Zkribbler Wonder what would happen if Exxon-Mobile started setting up service stations in China.

The would love to. Currently they have to do so in the form of a joint partnership with one of the state owned oil companies.

	06-07-2005 05:11									#5
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Governments meddling with corporate affairs.

	06-07-2005 05:16									#6
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My reaction too, OB.

	06-07-2005 06:12									#7
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yes yes but we laugh at both of you.

	06-07-2005 07:07									#8
	Re: Oh, the irony... Support Apolyton, buy Galactic Civilizations: Deluxe Edition

quote: Originally posted by Kuciwalker This is rich. Communist China telling us not to interfere in private investment

Not so fast.

Not only the US meddles in private investments inside its borders, but also transactions between other countries as well.

The joke seems to be on you.

	06-07-2005 07:10									#9
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Yeah! Obviously we shouldnt care if the Chinese govt starts buying up companies that provide strategic resources.

	06-07-2005 09:43									#10
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When those strategic resources are global commodities, no.

	07-07-2005 03:55									#11
	Re: Re: Oh, the irony... Support Apolyton

quote: Originally posted by Urban Ranger Not so fast. Not only the US meddles in private investments inside its borders, but also transactions between other countries as well. The joke seems to be on you.

Yes, clearly US interference in the economy is comparable to the PRC's.