Tuesday, July 05, 2005

Strike One

China angered by US oil sale intervention
By David Litterick in New York (Filed: 05/07/2005)

The Chinese government has angrily responded to calls by US politicians for Washington to block the $18.5billion (£10.5billion) bid by China National Offshore Oil Corporation (CNOOC) for US oil group Unocal.

"We demand that the US Congress correct its mistaken ways of politicising economic and trade issues and stop interfering in the normal commercial exchanges between enterprises of the two countries," the foreign ministry said yesterday.

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