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Tanya
Senior Chief Petty Officer
Joined: 13 Aug 2004
Posts: 570
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 Posted: Sun Jun 26, 2005 1:49 pm Post subject: Chinese dragon awakens |
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Part I
"China is building its military forces faster than U.S. intelligence and military analysts expected, prompting fears that Beijing will attack Taiwan in the next two years, according to Pentagon officials.
U.S. defense and intelligence officials say all the signs point in one troubling direction: Beijing then will be forced to go to war with the United States, which has vowed to defend Taiwan against a Chinese attack.
China's military buildup includes an array of new high-technology weapons, such as warships, submarines, missiles and a maneuverable warhead designed to defeat U.S. missile defenses."
More Here:
http://www.washtimes.com/specialreport/20050626-122138-1088r.htm |
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rparrott21
Master Chief Petty Officer
Joined: 19 Aug 2004
Posts: 760
Location: Mckinney, Texas
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| Posted: Sun Jun 26, 2005 2:03 pm Post subject: |
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| If they hadn't bought us up by then... |
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shawa
CNO
Joined: 03 Sep 2004
Posts: 2004
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| Posted: Sun Jun 26, 2005 4:42 pm Post subject: |
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rparrott21 said
| Quote: | | If they hadn't bought us up by then... |
Equally frightening to me is that besides the massive buildup of their military capability, the Chinese could be moving to be a major player in the world's oil supply!!
From the Washington Times article:
| Quote: | Energy supply a factor
For China, Taiwan is not the only issue behind the buildup of military forces. Beijing also is facing a major energy shortage that, according to one Pentagon study, could lead it to use military force to seize territory with oil and gas resources.
The report produced for the Office of Net Assessment, which conducts assessments of future threats, was made public in January and warned that China's need for oil, gas and other energy resources is driving the country toward becoming an expansionist power.
China "is looking not only to build a blue-water navy to control the sea lanes [from the Middle East], but also to develop undersea mines and missile capabilities to deter the potential disruption of its energy supplies from potential threats, including the U.S. Navy, especially in the case of a conflict with Taiwan," the report said.
The report said China believes the United States already controls the sea routes from the oil-rich Persian Gulf through the Malacca Strait. Chinese President Hu Jintao has called this strategic vulnerability to disrupted energy supplies Beijing's "Malacca Dilemma."
To prevent any disruption, China has adopted a "string of pearls" strategy that calls for both offensive and defensive measures stretching along the oil-shipment sea lanes from China's coast to the Middle East. |
Case in point, China has bid $18.5 billion for Unocal, a major U.S. oil firm.
This story from BBC News:
| Quote: | China oil firm in Unocal bid war
http://news.bbc.co.uk/2/hi/business/4121830.stm
Published: 2005/06/23 09:50:10 GMT
China's biggest offshore oil and gas producer has opened a bidding war for Unocal, the ninth-biggest US oil firm.
China National Offshore Oil Corporation (CNOOC) has bid $18.5bn (£9.8bn) in cash for Unocal, which has large production operations in Asia.
It is the biggest takeover offer by a Chinese firm and comes a day after Haier's bid for Hoover maker Maytag.
Unocal has said it will consider the bid but remains committed to an agreed $18bn merger with Chevron.
Cash lure
CNOOC's $67-a-share offer was agreed after a lengthy board meeting and the firm is hoping that its all-cash bid will prove more enticing to investors than Chevron's mix of shares and money.
Analysts have raised concerns about CNOOC's bid, however, pointing to the fact that it may face hostility in the US and that it will have to take on billions of dollars in debt to finance it.
Chinese cross-border muscle
June 2005 CNOOC offers $18bn for Unocal
June 2005 Haier bids $1.28bn for Maytag
May 2005 Lenovo completes $1.7bn purchase of IBM's PC business
April - May 2005 Shanghai Automotive and Geely linked with UK's MG Rover
March 2003 TCL merges TV and DVD business with Thomson creating a firm with sales of $3.5bn
They also said that Chevron's bid has already won the approval of the US Federal Trade Commission, the main anti-monopoly regulator, leaving few remaining obstacles.
In an interview with the Reuters news agency, CNOOC chief executive and chairman Fu Chengyu said he was "quite confident" that his firm's offer would be accepted, adding that the move for Unocal was friendly.
"We believe the US government will approve the deal," he said.
The company's chief financial officer Yang Hua told Dow Jones Newswires that CNOOC is "prepared to closely cooperate to get US approval for this deal".
"We believe the offer will be very good for America as we are going to protect US jobs while continuously marketing [Unocal's] products in the US," Mr Yang was reported as saying.
Fast track
Chevron countered by saying that it offered a better bet for investors than CNOOC and that it planned to complete its takeover transaction during August.
"We're doing everything we can to move this quickly," Reuters reported George Kirkland, head of exploration and production at Chevron, as saying.
Rumours that CNOOC was eyeing up Unocal began circulating in late 2004. Analysts said Unocal's exposure to oil-thirsty Asian markets would make it a good fit.
CNOOC is the largest foreign offshore oil producer in Indonesia, for instance.
The widespread assumption then was that CNOOC would keep hold of Unocal's Asian assets, and sell off the rest of the company.
A CNOOC bid could face Congressional opposition on issues ranging from China's trade surplus to US oil security.
Two US congressmen have written to President George W Bush ahead of the bid opposing any Chinese takeover of US oil interests.
Slick operation
State-controlled CNOOC was one of four big oil groups that emerged after the 1999 restructuring of China's oil industry.
CNOOC was given offshore exploration and production assets, and had to work closely with foreign oil majors to improve its offshore technology.
Oil analysts say it has the Chinese oil sector's most professional management team, as a result.
Alongside Shell, it shares ownership of the $4.3bn Daiyu Bay petrochemical plant that is China's biggest joint-venture investment.
CNOOC's shares are traded in Hong Kong and New York as a well as having a domestic Shanghai listing. In Hong Kong, they rose as much as 1.8% to HK$4.25 in morning trading.
The bid for Unocal comes as a number of Chinese firms are looking to expand abroad.
Last year Chinese computer maker Lenovo bought IBM's PC operations for $1.7bn, while this week fridge and washing machine maker Haier bid $1.28bn for US domestic appliance group Maytag.
"Chinese companies are quite aggressive now in mergers and acquisitions, just like Japan was several years ago," said Belle Liang of Core Pacific Yamaichi. "Now the mergers and acquisitions trend falls to China." |
WHAT HAVOC WILL CHINA WREAK WHEN IT CONTROLS THE WORLD'S MAJOR OIL SUPPLIERS???
_________________
“I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. ‘Tis the business of little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death.” (Thomas Paine, 1776) |
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GenrXr
Master Chief Petty Officer of the Navy
Joined: 05 Aug 2004
Posts: 1720
Location: Houston
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| Posted: Sun Jun 26, 2005 4:53 pm Post subject: |
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The Chinese Dragon?
More like the origami lizard. If they ever attack Tawain the world will be witness to man kinds greatest display of technological and militaristic might ever seen. At some point America will have to unleash hell on our enemies in order to subdue their evil intent and China would be a great starting point.
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"An activist is the person who cleans up the water, not the one claiming its dirty."
"All that is necessary for evil to triumph is for good men to stand by and do nothing." Edmund Burke (1729-1797), Founder of Conservative Philosophy |
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shawa
CNO
Joined: 03 Sep 2004
Posts: 2004
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| Posted: Sun Jun 26, 2005 5:22 pm Post subject: |
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STILL WAITING FOR THIS ANNOUNCEMENT!!!
Post by SBD earlier this month:
http://www.swiftvets.com/phpBB2/viewtopic.php?t=19606
_________________
“I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. ‘Tis the business of little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death.” (Thomas Paine, 1776) |
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Tanya
Senior Chief Petty Officer
Joined: 13 Aug 2004
Posts: 570
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| Posted: Sun Jun 26, 2005 6:35 pm Post subject: |
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| Thank you for that link shawa! |
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coldwarvet
Admiral
Joined: 03 Jun 2004
Posts: 1125
Location: Minnetonka, MN
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| Posted: Sun Jun 26, 2005 11:12 pm Post subject: |
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Another Cold War in the making brought to you in part by the Bill Clinton administration.
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"Peace is our Profession"
Strategic Air Command - Motto
USAF 75-79 Security Police |
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