China eroding US dominance – Donald Alford Jr.

From Asia Times Online:

The Chinese National Offshore Oil Corporation’s recent attempted acquisition of Unocal raised American fears that

China could challenge American energy security. Inside the beltway, conventional wisdom said spiking such Chinese deals would make the United States safer. Torpedoed by concerted lobbying by energy firms and administration China hawks, the deal was replaced when, only days later, the Chinese acquired PetroKazakhstan of Calgary for over US$4 billion in cash, a fateful transaction which barely merited ink in the US media.

Rather than making America safer, the Unocal affair only increased China’s incentive to seek and bolster reliable energy supplies through bilateral trade on a global scale at America’s expense. Other energy deals are being reported weekly.

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.