Chinese policy towards the Arctic seems to be taking at least two tracks. Through business deals and illegal immigration, it appears to be slowly assimilating the Russian Far East. That would give China a true claim to offshore resources based on current international law. In the mean time, the Chinese are acting as the spokesperson for the non-Arctic countries, seeking to institute some sort of international agreement that undiscovered resources are a common good, to be shared by nations lacking those resources.
Category: China’s Economy
That trade surplus with the U.S.? China is using part of it to buy oil from the Russians. After the infrastructure is built, maybe the Chinese will just step in and take it.
“The numbers are terrible. The environment is awful,” said Ken Peng, an economist at Citigroup.
“The pressure on unemployment will be huge,” he added.
Parts of China are experiencing their worst drought in half a century, threatening the water supply of millions of people and putting the winter harvest at risk, state media reported.
“Maintaining stable and quite fast economic development is the main task for 2009’s economic work,” said China’s security chief Zhou Yongkang according to a report in the Chinese Communist Party journal Seeking Truth.