China power plant loans advance (Bechtel & Westinghouse)

[cthrumatrix]

China power plant loans advance
Export-Import bank gives preliminary OK to $5B package

By Carolyn Pritchard, MarketWatch
Last Update: 12:35 PM ET Feb. 20, 2005


SAN FRANCISCO (MarketWatch) --Two Western firms are one step closer to building nuclear power plants for energy-hungry China.

The U.S. Export-Import Bank has given preliminary approval for up to $5 billion in loans to Westinghouse Electric Co. for the proposed construction of four nuclear power plants in the country.

San Francisco-based Bechtel Corp. is among the other U.S. suppliers involved in the Westinghouse proposal.

The Chinese government is accepting bids for the plants, which are needed to meet the increased demand for power in the heavily industrialized region of the country, and the contracts will be awarded this year.

snip

http://www.marketwatch.com/news/story.asp?dist=¶m=archive&siteid=mktw&guid=%7BE50256B2%2D193F%2D4C46%2DBAAA%2DF6FBEF73461F%7D&garden=&minisite=

Seems to me that Bush would be against this....?

Oooops....China doesn't have "black liquid stuff" under thier feet.

[blm]

1. Bush1 made alliances with real Chinese powerbrokers/ back in the 70s.

His brother worked with the Chinese throughout the 90s and was head of the US-China Chamber of Commerce for years.

I don't think it's just happenstance that WalMarts dominate the US markets because of their Chinese connections and cheap Chinese slave/prison labor. The groundwork was set up long ago by Bush1.

They will enrich the few real money men around the world by impoverishing the rest of us.

Will any reporter question oe examine why a Communist country is in possession of much of our national debt?

Is it really about communism v. capitalism or communism helping to ENRICH capitalists and global financiers?

[Monkie]

2. carlyle is big in china now so it must be ok with bush

http://news.bbc.co.uk/2/hi/business/4100497.stm
Last Updated: Thursday, 16 December, 2004

"Carlyle Group, a US buyout fund, will pay $400m ($206m) for a 25% stake in insurance company China Pacific Life.

The purchase will be China's biggest private equity deal yet"

"China Pacific Life has an 11% share of the life insurance market, a market which should grow as the state trims its massive benefit and welfare system"

maybe bush and co intend to move to china when the party ends in america?