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See this article from the Washington Post about China's energy-policy, Cnooc Ltd.'s proposed purchase of Unocal Corp., Taiwan and finally those "real WMDs"...
Big Shift in China's Oil Policy
"If the world oil stocks were exceeded by growth, who would provide energy to China?" said Shen Dingli, an international relations expert at Fudan University, who advises the government on security policy. "America would protect its own energy supply. The U.S. is China's major competitor..."
...
China's central mission
"....For China's leaders, however, buying foreign oil and gas fields in the name of energy security has become a central mission.
Throughout the 1990s, China made deals to lock in long-term supplies and buy installations from Africa to Latin America. In 2002, Cnooc became the largest offshore oil producer in Indonesia when it bought a field from the Spanish firm Repsol YPF SA..."
[Ed.Comm:That's what I call a Tsunami target...]
"...The Iraq war substantially intensified the foreign push. Most immediately, it destroyed China's hopes of developing large assets in Iraq. China had been waiting for the end of sanctions to begin work on the Al-Ahdab field in central Iraq, under a $1.3 billion contract signed in 1997 by its largest state-owned firm, China National Petroleum Corp. The field's production potential has been estimated at 90,000 barrels a day. China was also pursuing rights to a far bigger prize -- the Halfayah field, which could produce 300,000 barrels a day. Together, those two fields might have delivered quantities equivalent to 13 percent of China's current domestic production..."
[Ed.Comm:That's what I would call the 'objective' of the "Operation Shekeinah"...]
China's long range plans
"Which brings us to phase two of China’s long range plans, namely, China’s determination to absorb Taiwan, either through political coercion or through pre-emptive measures.
The rationale for gaining control Taiwan is simple: Taiwan manufactures eighty-five percent of the world’s advanced computer chips and control of this vital commodity would give China enormous economic clout and political leverage. If China succeeded in removing Taiwan from America’s security umbrella without an effective U.S. military response it would be interpreted as a sign of American decline, and virtually overnight China could emerge as the master of the Pacific."
How much of it Japanese assets? And how much with "(UN)American help"? See our analyst Hadashi:
Rope and Hangmen
"As the creditor China is likely to use its leverage to acquire American assets that will help accomplish its strategic goals. If current trends continue its just possible China will prove Marx and Lenin right after all: that capitalists would sell the hangman the rope necessary for their own execution."
False.
It is capitalists posing as and working through their Agentur, the "communists," who sell the rope to free-enterprise systems which then hang themselves. China is the "model" capitalist state par excellence.
Debt money ("asset currency") is its WMD.
Fair Trade or "Free" Trade. Live or die.
Best...
-HADASHI-
China is embroiled in a number of territorial clashes with its neighbors, including territorial disputes over several island groups in the South China Sea. The Chinese leadership is seeking to create facts on the ground, rather than resolve the issue through the U.N., and according to Menges, China’s goal is a unilateral acquisition of the islands in question in order to lay claim to the entire South China Sea as part of China’s territorial waters.
The South China Sea, as it happens, is among the most important sea-lanes in the world, accounting for roughly forty percent of the world’s ocean commerce and sea-based traffic. Control of this vital region would give China enormous economic and political leverage, while allowing China to put the United States in a stranglehold in the event of a crisis.
Thank you, Hadashi, for your insightful contribution.
