« Time for Congress to Act | Main | Dangerous Provincialism »
Sunday, August 07, 2005
No Pity for China
C
hina loses the bid for Unocal, so China-based CNOOC said: "The unprecedented political opposition ... was regrettable and unjustified."
W
hat do you think would happen if Exxon put in a bid for CNOOC? The Chinese simply would not allow their oil company to fall into the hands of an American firm. As a matter of fact, the Chinese (who are eating our lunch in terms of exports versus imports) probably would not allow any major Chinese firm to fall into the hands of an American firm.
Posted by fm on August 07, 2005 at 08:55 AM