It's a heck of an offer. In an 11th hour bid to buy Unocal, China's state-run CNOOC Ltd. offered $19.6 billion, cash, for America's ninth largest oil company. That's a lot of yuan in anybody's book. For CNOOC, it's downright staggering. If accepted, the deal would put...
John J. Tkacik Jr.
A 23-year veteran of the U.S. State Department, John Tkacik joined the Asian Studies Center of The Heritage Foundation in 2001. As a research fellow in the foundation's Asian Studies Center, Tkacik (pronounced TASS-ick) analyzes policies and events concerning China, Taiwan, Hong Kong and Macao.
Operation Bao Chuan: Say No to China National Offshore Oil Corporation’s Bid for Unocal
China National Offshore Oil Corporation presumably chose the codename "Operation Bao Chuan" for its Unocal offer to conjure up national pride in its bid to buy America's ninth largest oil company. For bao chuan were the huge treasure ships that traveled across the...
The Power Struggle in China: Military Strongman Jiang Zemin vs. President Hu Jintao and Premier Wen Jiabao
The power struggle in Beijing between China's military strongman, Jiang Zemin, and the country's two reformist government leaders, President Hu Jintao and Premier Wen Jiabao, is of momentous importance to the United States and East Asia. As the Chinese Communist Party...
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