The Limited Times

Now you can see non-English news...

Chinese money, rising expectations in the US

2019-09-10T01:13:39.190Z


As China becomes more involved in Arctic economic development, some regions in the United States are eager to cooperate with China. Far north Alaska plans to attract investment from China for large-scale resource development as a trump card for regional revitalization. US-China confrontation ...


As China becomes more involved in Arctic economic development, some regions in the United States are eager to cooperate with China. Far north Alaska plans to attract investment from China for large-scale resource development as a trump card for regional revitalization. While the conflict between the United States and China intensified, there was a growing voice in the Arctic region welcoming China with its financial strength.

The sea breeze blowing through the tundra has a slight oily odor. Prudhoe Bay, Alaska, is the largest oil base in North America facing the Arctic Ocean. In winter, it is below 40 degrees, but when I visited in July, musk ox and caribou (reindeer) were biting a little grass on the side of the oil drilling facility.

Prudhoe Bay, where commercial production of crude oil began in 1977. In addition to oil fields, abundant natural gas is also buried, but development has not progressed. In order to ship, it is necessary to build a gas pipeline of about 1300 km that goes through the Alaska Peninsula to the Pacific Ocean where the port is located.

The total project cost is about 43.4 billion US dollars (about 4 trillion yen), but profitability has been questioned, 17 November, Trump US President of China Xi Jinping (Shichinpin) during the summit meeting of Jintao On the other hand, an agreement was reached to invest up to 75% in China, and the business started to move. In March 2006, about 40 businessmen from companies closely related to the Chinese government, including the Bank of China, China Investment (CIC), and China Petrochemical Group (Sinopec), visited the site.

However, overhang on excessive Chinese ...

Source: asahi

All news articles on 2019-09-10

You may like

Trends 24h

News/Politics 2024-03-27T16:45:54.081Z
News/Politics 2024-03-28T06:04:53.137Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.