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Re: originunknown post# 54207

Wednesday, 12/27/2006 11:06:05 PM

Wednesday, December 27, 2006 11:06:05 PM

Post# of 447725
China mulls energy reserves spend -

Yuan banknotes -


China has the money to secure future energy reserves
China has signalled that it could use its vast -

foreign exchange reserves to bolster its strategic -
energy resources -

Fyi.
the need fuel for 600 new warships built 2006? -
Fys. make sure not to much fuel before the next war!!!



Vice-Premier Zeng Peiyan said China needed to speed up
the hunt for fresh oil and natural gas supplies.

China's foreign exchange reserves are the world's
largest at more than $1 trillion (£511bn), supported
by the country's strong global exports.

China is keen to secure future reserves of oil, coal
and other raw materials needed to fuel
its booming economy.

Earlier this year, Beijing hosted a summit of African
leaders, at which access to Africa's natural resources
was discussed in return for Chinese investment in
Africa's roads and railways ...

http://news.bbc.co.uk/2/hi/business/6211513.stm


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