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 ...
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