Chapter 43 guide

★ CNOOC announced its intention to acquire Unocal at a price of US$18 billion, which shocked the US government. ★America's accusations against China in many aspects, such as the implementation of fixed exchange rate system, human rights issues, Taiwan issue, and China's great power ambitions, etc., do not explain the US's concern for China's development, but just demonstrate the US's intention to contain China's development. ★"Central America" ​​is not just one side saving and the other consuming, nor is it just one side exporting and the other importing. The meaning of "Central America" ​​should be more complicated. The integration of two independent major countries into one system is far from being as simple as it is said.

Whether it is "peaceful rise" or "peaceful development", the rise of China has made Americans feel like they are sitting on pins and needles.For example, CNOOC's bidding for Unocal and Lenovo's acquisition of IBM's personal computer business all illustrate a truth - with the rise of China, Chinese companies are no longer the same as before.And China's expansion into Africa and Latin America has announced to the world that China's development will not be limited to national boundaries. "How Americans see China, and how China sees the world" is the focus of this chapter.

In the spring of 2005, China's state-owned company CNOOC made a bid to buy the US-based Unocal Corporation.Unocal is a major energy company with a U.S. presence in Central Asia.Behind the two major companies in China and the United States, there are many unclear things hidden. CNOOC is the abbreviation of China National Offshore Oil Corporation. It was established in 1982 and is responsible for exploiting offshore oil and natural gas resources in China's waters.Unocal refers to the Union Oil Company of California, which was founded in 1890 and has billions of dollars in assets. In the second half of the 20th century, Unocal became the main developer of the Alaska gas field and was responsible for the construction of the Central Asian natural gas pipeline project across Afghanistan and Pakistan.

CNOOC's announcement of its intention to acquire Unocal for US$18 billion shocked the U.S. government.Congressional leaders took the incident particularly seriously, and the move by the Chinese company raised alarm among them.Both Democrats and Republicans have expressed outrage over the incident—a rare unanimous attitude from both parties.Congressman Richard Pombo of California urged the Bush administration to block the deal immediately, warning: "It would have catastrophic consequences for the economy and national security of the United States." MP Ron Wyden told Treasurer John Snow that the deal, if successful, would have serious consequences.He said: "I don't think that a country with free trade must play the role of a devotee. We cannot be cowardly on some issues."