China Heaps Billions on Nigeria?

Question

(Upi.com, Aug 14, 2006) China, apparently undaunted by violence in oil-rich Nigeria, increased investment in the West African nation by $3 billion over the past three years, Chinese officials said this week.

While many foreign investment firms have been forced to scale back operations amid kidnappings and militant attacks on oil installations -- violence that has slashed production levels by 20 percent -- companies like China's state-run CNOOC invested $2.3 billion earlier this year in Nigerian offshore oil and gas fields.

Other major agreements included the 2004 deal in which China will explore two sites in the Niger Delta, where most of Nigeri's production takes place. The region is also the scene of many of the militant attacks in recent months.

During his farewell tour of the country, outgoing Chinese ambassador to Nigeria, Wang Yongqiu, said Tuesday that over the past three years, source:http://www.zoomchina.com.cn/index.php?/content/view/11142/81/

Answer 1

Again the Chinese are proving that their international trading methods are nefarious at best. They will trade with any goons and thugs to get what they want. They give them cheap Chinese automatic rifles, they get the oil fields. Charming.

Still, I firmly believe that what goes around comes around and the Chinese, of all people should realize the relationship between yin and yang in this fashion. Personally, for reasons such as these, I am quite bearish on the Chinese economy over the next decade.
For another opinion, please read Jim Jubak's articles on the future of the Chinese economy on msn.com/Money. He has clearly done his research and his conclusions are that it does not look very rosy for the Chinese in the medium-term.
Look out below!

Answer 2

scary

Answer 3

so wat shuld we do.....is that a question or an open discussion...save us the political oil jamboree!