Tuesday, December 22, 2009

China Has Steadily Diversified Its Suppliers for Everything

China has many potential problems, but again, it is fully aware of the game the Western economies are in and has been prepared not to be plied in terms of economic and geopolitical aspects. China’s strategic moves have proved that.

From Zero Hedge:

China is very well aware that its economic growth and even domestic stability is conditioned upon securing supply chains through long-term agreements. One step at a time China is securing its supply of staple commodities, minerals and energy supplies. To further secure its position in the supply country, China offers loans and technical expertise in addition to gaining the management authority to run the local operations. China has become one of Africa's top three trading partners and several countries, no matter how unsavoury and corrupt they may be, became important trading partners like Sudan, which exports a majority of its oil to China, while others guarantee China's food supply. In November 2009, the China Metallurgical Group bought for US$3 billion a 30-year lease to exploit copper deposits in Afghanistan further demonstrating that no country, no matter how troubled it is, is off-limit.

http://www.zerohedge.com/article/guest-post-china-secures-gas-supply-turkmenistan-whos-true-winner

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