9 July 2005

If the deal is not allowed, it sends a message to Chinese companies and perhaps they might start looking for other ways, other markets to do business with

Get Used to It: China's bid to take over Unocal is just the start of its plans for acquisitions
Demands that corporate America bolt its doors in the wake of the China National Offshore Oil Corporation's (CNOOC's) unsolicited offer to purchase the energy giant Unocal Corp. are being closely watched here. Many Chinese say the U.S. reaction will send an irrefutable message about whether Washington is more interested in its commitment to free trade or in containing the growing might of China, a country President Bush has labeled a "strategic competitor."


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