August 26, 2008
Asian Energy Security Grid Deals Move Forward
Announcements of oil and gas development deals between Chinese oil majors and Iraq and Iran may be spooking markets as much as fear of tropical storm Gustav in the Gulf of Mexico.
PM Maliki's government in Baghdad will revive Sadaam Hussein's 1997 deal with China to develop a small but important oil field in southern Iraq. Meanwhile, Iran's national oil and gas companies are in new discussions over production-sharing arrangements with China
National Offshore Oil Corporation. Are these actions the rarely mentioned "Asian Energy Security Grid" in action?
Labels: asian energy security grid, china, energy security, iran
Thousands Sick, 160 Dead from Unknown Virus
August 20, 2008
HUA GUOFENG DEAD AT 87
An unlikely historical figure, Hua Guofeng survived because and despite of closeness to Chairman Mao. A decent obituary found here
in the British Telegraph.
Foreign Firms Soon To List on Shanghai
The venerable Economist mag is reporting
that the Shanghai Securities Exchange may soon allow foreign share listings. It is obvious Chinese regulators are considering just about anything in order to revive Chinese stocks. And it's a sign that Shanghai shares' recovery may be a lot quicker than some predict.
Changfeng Motor No HUMMER
According to a "source with direct knowledge" Reuters reports that Hunan Changfeng Motor Company
backed away from talks with GM trying to sell its Hummer brand.
Labels: automobiles, china, chinese trade, exports, gm, hummer
August 08, 2008
WAXING PATHETIC ON CHINA
This month's full moon won't occur until mid way between tonight's amazing XXIX Olympiad 2008 Summer Games
opener and the closing ceremonies on August 24 but already journos, bloggers, and TV talking heads are at work pontificating, propagandizing, and proselytizing a lugubrious lunacy about China, NEW China, RED China, COMMUNIST China, CAPITALIST China, changing, 'in transition', age-old, threat, friend, 'peer rival', --well you get the drift and if not? Just go anywhere else over the next two weeks or so for your fair share of drippy, preachy, school-marmy commentary along the lines discussed above. In the meantime enjoy the competitions.
Labels: beijing 2008, beijing olympics, propaganda, summer games
August 06, 2008
Electricity Rationing Hits Shandong, Hubei
And no it is NOT to keep the lights on in Beijing during the Olympics...
Disruption in coal supplies and shortage of generation and transmission capacity in China is affecting China. Particularly hard hit is aluminum smelting
A massive infrastructure build with even more cental investment spending is looming in China's future. More on that soon!
Labels: china, electricity, olympics, shortages
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