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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: hdl who wrote (161221)	4/21/2002 1:29:55 PM
From: Les H	Read Replies (1) \| Respond to of 436258

DEBKAfile ’s sources report that China is buying up shares in oilfields and oil resources, to fill in the projected shortfall between its own oil production and the requirements of its burgeoning economic development. In three to five years’ time, China will be supplying no more than two thirds of its energy consumption from home production. To raise the billions for buying stakes in foreign fields and paying for new pipeline and maritime transport routes, Beijing hopes to sell large quantities of military hardware to Arab states and Iran. Beijing’s new policy turn will have a cooling effect on its relations with Washington relations, as well as with Israel. debka.com