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China - Clinton criticizes US for blocking Chinese takeover of California-based Unocal
Interfax China ^ | September 10, 2005 | John Liu

Posted on 09/10/2005 2:10:19 AM PDT by HAL9000

US and China should break the "old economy" - Clinton

By John Liu

Hangzhou September 10. INTERFAX-CHINA - Former US President Bill Clinton has said that China had no choice but to develop renewable sources of energy, saying that if new alternatives were not found to traditional modes of economic growth, international conflicts over scarce resources would become increasingly likely.

Clinton, attending the China Internet Summit at the West Lake, organized by the e-commerce portal Alibaba in the coastal resort city of Hangzhou, noted that in an "interdependent" world, growing nations such as China and India had to find a way of breaking out of the "old economy".

However, changing those old patterns was difficult, he noted, because the traditional energy economy based on oil, gas and coal is well-financed and has strong political backing. "That's why President Bush hasn't changed [the US's energy policies], because he came out of the old economy," Clinton said.

The former President also criticized the way the present US administration fought so hard to repel the bid for California-based Unocal by the China National Offshore Oil Corporation (CNOOC).

"We can't expect US investors to be welcome in China if Chinese investors are not welcome in the US," he said. "I thought the whole thing was silly."

Echoing remarks made by deputy Secretary of State Robert Zoellick last week, Clinton said that "China's policy of locking up supplies now and creating wealth [using] old energy patterns will not work."

As well as the increasing problems of global warming, and the likelihood that both China and India will eventually overtake US in terms of greenhouse emissions, the scarcity of world oil resources will "make conflict far more likely," the former President said.

"It is the single most significant challenge for China's future development," Clinton said. "You have to have a stable natural environment."

He pointed out that the new age was all about "interdependence" and the sharing of information on a global stage. The key challenge for the world was to repel bad forms of interdependence like the 9-11 terrorist attacks on the World Trade Center in New York.



TOPICS: Business/Economy; Foreign Affairs; Front Page News; News/Current Events; US: California
KEYWORDS: babblingidiot; barfalert; chicoms; china; chinaslackey; clinton; cnooc; dangerous; energy; gavechinausasecrets; globalism; idiot; nosenseatall; oil; petroleum; sellingoutamerica; traitor; unocal
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To: Nathan Zachary
Doesn't it violate the principles of free trade? And if, in order to have "free trade", you need an agreement and huge stack of regulations and laws, is it really "free trade"?

Glad to see those who want to seal the borders and live in a closed society (like the former Soviet Union) are alive and well.

An inaccurate and ignorant characterization, but I'm happy to see the open borders crowd is alive and well.

21 posted on 09/10/2005 3:50:43 AM PDT by DeeOhGee (If you don't know where you're going, any road will get you there.)
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To: stocksthatgoup
Can you say Baffoon?

Say it? You can't even spell it!

22 posted on 09/10/2005 4:24:12 AM PDT by Maceman (Pro Se Defendant from Hell)
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To: HAL9000

Someone should ask Hilliary if she agress with her husband...


23 posted on 09/10/2005 4:27:51 AM PDT by mewzilla (Property must be secured or liberty cannot exist. John Adams)
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To: HAL9000

Hey they got LORAL with out even paying.


24 posted on 09/10/2005 4:43:08 AM PDT by funkywbr
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To: HAL9000

When the Chinese buy a Clinton, he stays bought. I love honest politicians.


25 posted on 09/10/2005 4:43:15 AM PDT by Joe Bfstplk (Charter Member of the VRWC.)
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To: hershey
Is Clinton applying for Chinese citizenship?

Clinton is applying for Chinese money for Hillery's Presidential Campaign run. Bill's already Chinese, communism has no boarders.

26 posted on 09/10/2005 4:45:38 AM PDT by Major_Risktaker
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To: HAL9000

Guess the check cleared, eh Bubba ?


27 posted on 09/10/2005 4:58:28 AM PDT by Eric in the Ozarks (Troubled by NOLA looting ? You ain't seen nothing yet.)
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To: guitarnick40

Wonder if this means the Chicoms are donating to Hillary?


28 posted on 09/10/2005 6:01:52 AM PDT by Mamzelle
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To: HAL9000

Just a reminder of Clinton's legacy. Selling out America's militray secrets to the Chinese in exchange for campaign contributions. Bill Clinton did more to set this country back than any other American President.


29 posted on 09/10/2005 6:21:05 AM PDT by KenmcG414
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To: HAL9000

"Interdependence" He depended upon communist China to finance his career from early on and they depended upon him to give him all the technology they would need to dominate us. Will the truth of this ever be allowed to come out?


30 posted on 09/10/2005 6:42:29 AM PDT by AmericanVictory (Should we be more like them, or they like us?)
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To: HAL9000
They must pay better.
31 posted on 09/10/2005 7:38:45 AM PDT by Carry_Okie (There are people in power who are truly evil.)
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To: HAL9000

Here it comes again, Hasn't Bubba learned anything from the chinagate scandal.


32 posted on 09/10/2005 7:39:34 AM PDT by Petey139
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To: HAL9000

The Manchurian Candidate speaks again.


33 posted on 09/10/2005 7:42:44 AM PDT by Rockitz (Geena YES, Hill NO!)
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To: Mamzelle

I bet the Chicoms will be stealing the election....Again..LOL


34 posted on 09/10/2005 7:43:02 AM PDT by Petey139
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To: Proud_texan
Nah, he's just fishing for chicom contributions for the hildabeast.

Bingo...

35 posted on 09/10/2005 7:43:34 AM PDT by Magnolia (Pennies a day help keep Liberals at bay.....become a monthly donor!)
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To: HAL9000

Don't you just love it when abjectly amoral, treasonous, lying, looting, thieving, mass-murdering, serial-rapist, psychopatholgically-predatory gangster bastards, who just happen to also be economics illiterates, speak down to you?

Thank God though, that the present occupant of our White House, for all of his Human fallibilities, will never, never, never be known in Peking, as was KKKling Tong, as "Our man in Washington!"


36 posted on 09/10/2005 2:35:01 PM PDT by Brian Allen (Per Ardua ad Astra!)
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To: HAL9000

BUMP


37 posted on 09/10/2005 8:46:48 PM PDT by AnimalLover ( ((Are there special rules and regulations for the big guys?)))
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To: Brian Allen

I was cussing at the computer screen while I posted the article.


38 posted on 09/10/2005 10:15:45 PM PDT by HAL9000 (Get a Mac - The Ultimate FReeping Machine)
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