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overtheedge
Member since May 2012
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The Big Chill - Peter McKenzie-Brown - Language Instinct

One consideration that should never be forgotten is China owns a pile of US Treasuries.
What better way to extricate themselves than by recycling these USTs into resource based assets?

Commented 3766 days ago

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Beginning of the headline :This article appears in the January, 2014 issue of Oilweek China is an oil-producing superpower. Last year the country’s state-owned oil companies spent $35 billion buying foreign assets. One result: the country’s state-owned enterprises (SOEs) now produce almost as much oil outside the country as such OPEC kingpins as Kuwait and the United Arab Emirates. These overseas acquisitions are being operated as commercial investments, in the sense that oil from far-flung businesses is mostly being us... Read More

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