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China ventures in to Greece.

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  • #16
    For Greece a cost-benefit analysis might be in order - is the money really worth China having a say in how the country is run?


    The decision already been made.
    “the misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all” -- Joan Robinson

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    • #17
      Originally posted by crooks View Post
      just watch, as soon as China's dictatorship elite is hindered by this, how fast the army are called in and the unions are crushed.
      That point has long been gone. The army is not willing and now, not legally able to intervene in domestic affairs. Tianamen Square was as distasteful to the army as it was to the populace and they set out to secure the legal mechanism for it not to happen again.

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      • #18
        Originally posted by Officer of Engineers View Post
        That point has long been gone. The army is not willing and now, not legally able to intervene in domestic affairs. Tianamen Square was as distasteful to the army as it was to the populace and they set out to secure the legal mechanism for it not to happen again.
        That won't work as long as the nation is ruled by law, not a rule of law.

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        • #19
          It has worked thus far. The PLA refused to get involved in Tibet and Xinjiang.

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          • #20
            Knowing what it means to mess with the Greek Unions, I feel sorry for the Chinese.......

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            • #21
              Man, these Greek unions are so delusional. Their country is broke and they are all going jobless and the only thing they care about is demanding to have union representation. What do they think will happen? The Chinese will just pull their money out and they can all just starve.

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              • #22
                PM wen checks out his new investment,



                China to Buy Greek Bonds, Support Shipping, Wen Says


                Friday, October 1, 2010

                (Updates with Wen quote in 2nd paragraph, shipping fund in 7th.)

                Oct. 2 (Bloomberg) -- China plans to buy Greek bonds to support Greece's shipping industry and strengthen relations with the European Union, Chinese Premier Wen Jiabao said following a meeting with Prime Minister George Papandreou in Athens today.

                "China has already bought and holds its Greek bonds," Wen said in joint comments with Papandreou today, which were carried live on state-run ET-1 television. "It commits, very positively, to buy new bonds to be issued by Greece."

                Greece received a 110-billion euro ($151 billion) bailout from the EU and International Monetary Fund in May to avoid default. The country, which has been locked out of international credit markets, plans to issue new bonds in 2011.

                In the first visit to Greece by a Chinese premier in 24 years, Wen said he wants to signal a vote of confidence in Greece and the European Union in overcoming the international financial crisis.

                "With our common efforts the total mass of imports and exports between the two countries in the next five years can double to $8 billion," Wen said. He called on Chinese businesses to invest in Greece.

                Shrinking Economy

                Papandreou is seeking investment to help an economy that his government forecasts will shrink 4 percent this year and 2.6 percent in 2011. He pledged austerity measures worth about 14 percent of gross domestic product over four years in exchange for the loans from the EU and IMF.

                Wen said a $5 billion shipping fund will be set up to tighten relations between the countries' two maritime industries and facilitate the sale of Chinese vessels to Greeks.

                The two leaders will today visit Piraeus Port, Greece's biggest, where Asia's third-biggest container terminal operator has a 35-year concession to run some operations. China plans to deepen its Piraeus investment to move 3.7 million containers a year by 2015.

                Cosco Pacific Ltd. won the concession to run container operations at Piraeus Port's Pier II and build and run Pier III in 2009. Greece's government owns 75 percent of Piraeus Port Authority SA, the company that manages the harbor.

                Wen will speak in the Greek parliament on Oct. 3, Ambassador Luo Linquan said in an interview with China's state- run news agency Xinhua.

                In June, Greece and China signed 14 agreements in fields including shipping, construction and telecommunications during a visit by Vice Premier of China Zhang Dejiang.

                --With assistance from Bill Austin in Tokyo. Editors: Kim McLaughlin, Jerrold Colten.


                Read more: China to Buy Greek Bonds, Support Shipping, Wen Says
                “the misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all” -- Joan Robinson

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                • #23
                  Originally posted by Officer of Engineers View Post
                  It has worked thus far. The PLA refused to get involved in Tibet and Xinjiang.
                  I take it the police armed with APCs in Tibet wasn't the PLA then?
                  I don't know, I don't trust a system whereby the judicial is under the federal.

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                  • #24
                    The PAP has its own budget and its own armored and air forces.

                    No one should trust any government, period.
                    “the misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all” -- Joan Robinson

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                    • #25
                      Originally posted by xinhui View Post
                      The PAP has its own budget and its own armored and air forces.

                      No one should trust any government, period.
                      Geez, I never realized how big the PAP was... Although for some reason, when I was in China (back in 90s), people used to call the green uniformed guys the PLA, or at least (je fang jun).

                      Grr... This is quite confusing to me.

                      Anyhow, thanks

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