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Market impact -- THE CENTER FOR SECURITY POLICY Friday, July 15, 2005 As reported by Bloomberg News, China National Offshore Oil Corporation (CNOOC) stocks fell following Center for Security Policy President Frank Gaffney's testimony Wednesday before the House Armed Services Committee that called attention to the adverse economic and national security implications of CNOOC's $18.5 billion bid to purchase Unocal. Gaffney pointed out that the PRC's play for Unocal's energy and rare earth mineral assets is hardly a normal commercial transaction, but rather part of Beijing's long-term plan to dominate strategic energy resources, materials, minerals and technologies in order to...

. Insight on the News - World Issue: 11/12/02 China Makes Spying A Company Policy By Scott L. Wheeler A U.S. high-tech firm bought in 1995 with Clinton-administration approval by a consortium that included two Chinese companies is proving to be a threat to U.S. national security, according to senior government analysts. The Anderson, Ind., based Magnequench Inc. was bought by the San Huan New Materials and Hi-Tech Co. of the People's Republic of China (PRC), which was started and still is partially owned by the Chinese Academy of Sciences in Beijing. It teamed in this venture with a Hong...