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Originally posted by Dragonfly79
In short, Dutch Shell agreed upon a 50-50 joint venture with Chinese CNOOC for building an installation costing $4.3bln which was constructed in 2006.
However the Chinese seem to have enough of the expensive expats and do not require Western technical know how anymore so they're planning to build another $7.5bln costing refinery in the vicinity leaving Shell out of the deal. Not only that but China will likely change the deal about the joint-venture making it a 30-70 deal in favor of the Chinese, following a trend indicating Chinese companies are gaining dominance over the Chinese market, driving already established Western companies out of it's market.
Shell is offering to relinquish about 20 percent of its stake in CSPC to gain about a 30 percent stake in the planned refining plant, several CNOOC officials said without elaborating
Originally posted by TonyBravada
On the other posts a lot of people seem to think China has some human rights issues. Surely they do, but before you go all gung-ho on China, take a loot at US rights violations... and UN rights violations..
Chinese companies will be encouraged to buy farmland abroad, particularly in Africa and South America, to help guarantee food security under a plan being considered by Beijing.
A proposal drafted by the Ministry of Agriculture would make supporting offshore land acquisition by domestic agricultural companies a central government policy. Beijing already has similar policies to boost offshore investment by state-owned banks, manufacturers and oil companies, but offshore agricultural investment has so far been limited to a few small projects.
If approved, the plan could face intense opposition abroad given surging global food prices and deforestation fears. However an official close to the deliberations said it was likely to be adopted…..
SOFIA May 13 (Reuters) - Two Chinese companies have expressed interest in buying land in Bulgaria to grow crops and make wine for their own country, the agriculture ministry of the Balkan country said on Friday.
The Tianjin State Farms Agribusiness Group Company, specialists in farming and food processing, plans to rent or buy up to 10,000 hectares of arable land and grow mainly corn, alfalfa and other fodder crops to be exported to China.
Canadian newspaper Ottawa Citizen reports today that Chinese investors are buying Canadian farmland, raising many concerns throughout the country.
The issue is Chinese' growing middle class. Hundreds of millions of people in China modified their eating habits and are consuming vastly larger quantities of meat and higher protein foods. There isn't simply enough arable land in China to meet this new demand. hence, the Chinese interest in fertilizers and agricultural lands (not to mention base metals and other materials).