China throws down the gauntlet over oil

China throws the gauntlet down over oil - at Moneyweek.co.uk - the best of the week's international financial media.

China needs oil, and lots of it, to keep its economy growing. And it isn't shy about challenging the US for control of the globe's resources to get it. Mike Anderson looks at how investors can benefit

On 20 January 2005, most of the world's journalists had their eyes firmly on the Washington inauguration of President Bush. But if they'd been looking a little further east, they might have noticed something just as profoundly important happening in Beijing. The leaders of China and Canada, Paul Martin and Wen Jiaboa, were meeting to sign a 13-point energy pact. Why? Because China's fast-growing economy needs oil and Canada has plenty of it.

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