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 Post subject: Re: Is China buying Coillte.......and much more?
PostPosted: Tue Mar 27, 2012 1:10 pm 
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LONDON (Dow Jones)--Ireland's debt management agency and China's sovereign wealth fund Tuesday signed a memorandum of understanding declaring their intention to work together to identify possible investments in the troubled euro-zone economy.

The signing ceremony took place during Irish Prime Minister Enda Kenny's visit to China, the latest in a series of trips to major economic powers designed to boost investment in Ireland.

The agreement was signed by the National Treasury Management Agency, which is responsible for finding buyers for Irish government bonds, among other roles, and CIC International, a subsidiary of the China Investment Corp.


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 Post subject: Re: Is China buying Coillte.......and much more?
PostPosted: Tue Mar 27, 2012 1:17 pm 
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pollydolly wrote:
Don't know if anyone else caught "China:Triumph and Turmoil" on Channel 4 last night:

http://www.channel4.com/programmes/china-triumph-and-turmoil/4od

Lots of (slightly scary) food for thought from historian and economist Niall Ferguson - the Telegraph article below gives you the gist:
Quote:
China is already devouring two-fifths of the world’s coal, zinc, aluminium and copper. Now it is turning its attention to foreign territory for those basic natural resources. In Zambia, after Ferguson descends a Chinese-run copper mine, he muses: “Maybe this is the beginning of a world empire.”


http://www.telegraph.co.uk/news/worldnews/asia/china/9135590/Niall-Ferguson-Chinas-got-the-whole-world-in-its-hands.html


Still preferable to the American method of 'securing' resources.


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 Post subject: Re: Is China buying Coillte.......and much more?
PostPosted: Tue Mar 27, 2012 1:31 pm 
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Ferguson formulates theory then sets out to find people who fit into said theory. I enjoyed certain parts of the ascent of money (book and TV series) but Ferguson is not what I'd call an unbiased commentator. Are Chinese Harvard students representative of Chinese people in general?

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 Post subject: Re: Is China buying Coillte.......and much more?
PostPosted: Tue Mar 27, 2012 2:02 pm 
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ray wrote:
Ferguson formulates theory then sets out to find people who fit into said theory. I enjoyed certain parts of the ascent of money (book and TV series) but Ferguson is not what I'd call an unbiased commentator. Are Chinese Harvard students representative of Chinese people in general?

There's a nicely written review of his "Civilization" book here, from the New York Review of Books, which questions Ferguson's motives and honesty. (It's not the Panak Mishra review that nearly led to court.)

http://www.ufppc.org/book-notes-mainmen ... tizer.html


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 Post subject: Re: Is China buying Coillte.......and much more?
PostPosted: Tue Mar 27, 2012 3:42 pm 
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mr_anderson wrote:
pollydolly wrote:
Don't know if anyone else caught "China:Triumph and Turmoil" on Channel 4 last night:

http://www.channel4.com/programmes/china-triumph-and-turmoil/4od

Lots of (slightly scary) food for thought from historian and economist Niall Ferguson - the Telegraph article below gives you the gist:
Quote:
China is already devouring two-fifths of the world’s coal, zinc, aluminium and copper. Now it is turning its attention to foreign territory for those basic natural resources. In Zambia, after Ferguson descends a Chinese-run copper mine, he muses: “Maybe this is the beginning of a world empire.”


http://www.telegraph.co.uk/news/worldnews/asia/china/9135590/Niall-Ferguson-Chinas-got-the-whole-world-in-its-hands.html


Still preferable to the American method of 'securing' resources.

As I've said before, look up the "East India Company", China has been reading the book.

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