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(You
MAY need the FREE QuickTime
plug-in to view and hear s90tv) top top top top • 108 MONEY TODAY'S
PUZZLE? This
Week's
Cover
Dear Editor LookRadio • 120
PIXELS 3 columns 02-
HeadLines During Week / The
election of Ambassador Ma Yuzhen of China Yes
Your
Easy
Search
/ Click
Smart90Trac Forclosures
/ Money -----
The Goodwill
Cultural exchange trip between the two nations, -----It
just goes to show you, says TVI - the week is gone,
"NOTHING IN THIS WORLD IS PERMANENT" . . .
so follow the
money -
- and
take some advice from a dinner-time chat with
"Stonehead".f More
Articles • Converging
News 182006 / TeleCom BuyOuts, Spinoffs and Asset
Seizure Boom Respectfully
Submitted top top top 40 40+110+570=720
- 108
SMART90.com/tvimagazine/2004//64mayuzhennewsweek.htm
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Feature
Story - MA
YUZHEN
was
the first Consul General of China
Hong
Kong
Triad
/
"Jockey Club"
RadioPlayMusic
in Los
Angeles (1988-1991), and that's when I first met
him, said Josie Cory, publisher of Television
International Magazine. He was personally involved
in the STV
Festival arrangements for the 1988 Concert Tour of
the Troy Cory
Show, and
the first filming in China by VRA TelePlay, the
first of 26 episodes of the Troy Cory China Moon,
Ddiaries television series. Television
International Magazine was the first Television
Trade Magazine allowed to be freely distributed
into China.
Mr.
Ma was Ambassador of China
to
the United Kingdom (1991-1995).
MORE
China
Getting Ready For the Olympics and the Corner Gas
Staation -
Warehousing Oil in South China.
November
14, 2004 - Fuzhou/Xingtv/YES90 --
About a three-hour drive south of Shanghai, along
the East China Sea, workers are building 52
gigantic tanks, each capable of holding more than
25 million gallons of oil &emdash; enough to supply
every driver in China with gasoline for a
month.
-----The storage tanks will help accommodate
China's thirst for oil as it looks to fuel its
booming economy. And it has plans to stockpile
much, much more.
-----China, the world's second-largest
consumer of oil after the United States, has plenty
of cash to secure sources of petroleum and natural
gas. But as aggressively as any nation, it is also
cutting deals and forging alliances to get the
energy it needs.
-----In South America and Africa, the
Chinese government is helping build roads and ports
in exchange for oil supply contracts. Beijing
pledged to support oil-rich Russia in its bid to
join the World Trade Organization as the two
countries agreed that Russia would boost its
exports of crude by rail to
China.
-----And after a Chinese company's deal to
develop an oil field in Iran, Beijing tacitly
offered political support for Tehran's budding
nuclear program. That put China in direct cross
hairs of the Bush administration. The hunt for
energy in the former Soviet Union and political
hotspots such as Sudan is making China few friends
in Washington.
-----China is "throwing around its economic
muscle like crazy," said David Lampton, head of
China studies at Johns Hopkins University's School
of Advanced International Studies. "The Chinese are
throwing incredible amounts of money to lock up
long-term [energy] contracts. … It's
going to be a real topic of U.S.-China
relations."
-----Some Chinese officials dismiss the
threat of increased friction over
energy.
-----"Although oil trade plays an important
role in every field, it has a limited influence in
Sino-American relations," said Han Wenke, vice
director of the energy institute affiliated with
the National Development and Reform Commission, an
important regulatory agency of the Chinese central
government.
-----Beijing's pursuit of energy is all
about maintaining the nation's strong economic
growth, which Communist Party leaders believe is
the linchpin to social stability and ultimately
their legitimacy. Oil and natural gas, and lots of
both, are needed to keep factories running and to
power all the new cars hitting freshly paved
streets.
-----Only a decade ago, China shipped out
more crude than it imported. This year it has
sharply reduced exports to meet domestic needs
&emdash; and it is now the world's second-largest
importer of oil after the
U.S.
-----Rising Demand
-----Surging Chinese demand, which has
helped drive up oil prices to record levels in the
last year, is expected to rise by double-digit
growth rates annually for the next 15
years.
-----Although crude prices have settled back
in recent days to less than $50 a barrel, China's
rapid economic expansion is almost certain to add
pricing pressure over the long haul. The country
accounts for about 6% of world consumption; that's
projected to rise to more than 9% in 2020, as
Chinese oil fields dry up. (One-fifth of global oil
demand comes from the United
States.)
-----Wary of its increasing reliance on a
few foreign oil suppliers, China has formulated a
"go-out" strategy to diversify and expand its
energy capabilities. The plan involves cooperating
with 27 countries for oil exploration.
----- Beijing also is pouring money into
developing its own pipelines and liquid natural gas
terminals and launching an array of energy
conservation programs at home, including imposing
fuel economy standards on new
cars.
-----One of China's biggest and latest
energy ventures involves Iran, which the United
States has sought to isolate for its alleged
development of a covert nuclear arms
program.
-----Late last month, Chinese and Iranian
officials signed a preliminary deal in which
China's Sinopec Group would develop Iran's Yadavarn
oil field in exchange for Sinopec agreeing to buy
millions of tons of Iranian liquefied natural gas.
The Chinese government media valued the deal at $70
billion.
-----A few days later, Chinese Foreign
Minister Li Zhaoxing gave Iran important political
support in the standoff over the Islamic republic's
nuclear program. Li said Beijing opposed efforts to
have the matter referred to the United Nations
Security Council, although he stopped short of
saying China would use its veto power if the case
were sent there.
-----U.S. diplomatic sources have been
reluctant to comment on the deal. Some analysts
said it was unlikely that Beijing would jeopardize
U.S. relations over an energy pact with
Iran.
-----But others aren't so
sure.
-----"There is a rationale from Beijing that
is very dominant: If you can supply oil and do
business, we would like to sign a deal," said
Wenran Jiang, a political scientist at the
University of Alberta in Canada. "China is very
non-ideological in that sense. They will think
about it, but they're not driven by the strategic
interest in Washington."
-----Sudan is another example. Among China's
African energy partners, which together provide
about 20% of the country's oil and natural gas, the
single largest is Sudan. Since the late '90s,
Chinese oil companies have poured hundreds of
millions of dollars into developing oil fields, a
pipeline and a refinery.
----- No Apologies
-----Despite long-running criticisms by the
United States and international groups about human
rights abuses in Sudan, Beijing makes no apologies.
When pressed on the issue, Chinese foreign
officials have been quoted as saying simply that
business is business.
-----In Africa, China has also signed deals
to buy oil from Nigeria, Gabon, Cameroon and
Angola. Last year China extended a $2-billion loan
to Angola in exchange for 10,000 barrels of crude
oil a day.
-----He Jun, a senior analyst at
Beijing-based Anbound Strategic Consulting Co.,
doesn't think China will let itself become involved
too heavily in sensitive African nations such as
Sudan.
-----"China's main purpose is still to
develop its economy under a peaceful circumstance,"
he said. Others note that the U.S. and other big
consumers of oil also have bought energy supplies
from unsavory
governments.
-----For China, more promising are its
efforts closer to home. In September, construction
crews began work on a 770-mile pipeline running
from the oil-abundant Caspian Sea coast in
Kazakhstan to China's western border, connecting
with another trunk line all the way to China's east
coast. The pipeline's initial capacity would be
about 10 million tons of crude a year, said Matthew
Cairns of Economy .com in Sydney,
Australia.
-----Earlier, during a visit to Russia by
Chinese Premier Wen Jiabao, the two countries
reached the agreement about Russia exporting more
crude to China. Cairns said it was no coincidence
then that Wen promised to give Russia support for
its WTO bid.
-----"It's a very cunning political
maneuver," Cairns said. -----In Russia, China also
has sought a crude oil pipeline from eastern
Siberia to Daqing in northeast China, to have ready
access to supplies. But Japan appears to have won
its bid to have the pipeline routed to the Russian
port city of Nakhodka on the Sea of
Japan.
-----Japanese and Chinese companies have
clashed more openly over the exploration of natural
gas in the East China Sea. Tokyo is worried that
China would siphon gas from the Japanese side of
the ocean bed, and has insisted that China provide
details about the natural gas
field.
-----Some political analysts say the
competition for energy will severely test the
relations of China and Japan in particular. But
energy diplomacy also raises new challenges for the
West, as the economic and political center in Asia
shifts from the United States and Japan to
China.
-----Heightened geopolitical tensions over
China's oil imports comes as little surprise to
Jeffrey Logan, China program manager at the
Paris-based International Energy
Agency.
-----"It's only natural," he said. "The
world is struggling to learn more about China. As
China enters the world more and more, it's going to
depend on the world's resources more and more."
source: Yes90 / AP /
to
the Board of the South Centre continues the
long-standing association of China to
institution-building in the South. He replaces the
previous Chinese member of the Board - Hui
Yongzheng, Vice-Minister, Ministry of Science and
Technology. Before that, Ambassador Qian Jiadong
was a member of the South Commission, the
institution that preceded the South
Centre.
MORE
///
Today's
Puzzle? FLIPPING
HOUSES IS NOT ILLEGAL or
IMMORAL
Yahoo
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Case
Oil
-- Who's Buying and Who's Selling Oil and What
Price - Libya
TVI
- The Web's FIRST FULL PAGE VIEW MAGAZINE - yes90
and tvinews
http://www.smart90.com/tvimagazine/2004/64mayuzhennewsweek.htm
created both scientific, as well as cultural
exchange programs, that has brought our two great
nations together. "It took nearly six years to
accomplish this", writes Troy Cory, in his
book,
MORE
Disappointments
Are Great, Follow the Money,
Josie
Cory
Publisher/Editor
TVI Magazine
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China Getting Ready For the Olympics and the Corner
Gas Station -Warehousing Oil in South China.
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Television International Magazine's Person Of The
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