Russia and China eye $5.5bn deals - Democratic Underground

demoleft

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Mon Oct-12-09 06:18 AM
Original message

Russia and China eye $5.5bn deals

Source: bbc

Russia is hoping to sign deals worth $5.5bn (£3.5bn) with China as Prime Minister Vladimir Putin visits Beijing.

The deals may lead to Russia selling more oil and gas to China - the world's second-biggest energy user.

About 30 contracts in infrastructure, energy, mining, transportation and telecoms have been lined up.
...
Trade between Russia and China has risen from less than $10bn to more than $50bn annually over the past six years.

Read more: http://news.bbc.co.uk/2/hi/business/8302016.stm

wow.

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WriteDown

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Mon Oct-12-09 08:56 AM
Response to Original message

1. The ones who control the oil, are going to control the world...

Kind of like spice.

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Arctic Dave

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Mon Oct-12-09 11:25 AM
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2. Where in the hell is china coming up with all this money?

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WriteDown

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Mon Oct-12-09 11:43 AM
Response to Reply #2

3. Off the backs of near slave labor?

:shrug:

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Arctic Dave

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Mon Oct-12-09 12:46 PM
Response to Reply #3

4. Or maybe someone stupid enough to take huge loans from these guys.

Who could be that big of an idiot.

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WriteDown

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Mon Oct-12-09 12:50 PM
Response to Reply #4

5. Those loans are nice, but its chump change..

The real money is from every industry in the world moving production there for their cheap labor and non-existent environmental regs.

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Wed May 01st 2024, 06:14 PM
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