Are you worried about China?

**DungeonMasterJim** · 06-24-2005, 02:29 PM

China wants to buy an American oil company for about $18 billion.

This doesn't bother me so much. What bugs me is all the American companies, especially Wal-Mart, that out-source and use Chinese labor to the point of costing American jobs and a massively huge trade defeset (spelling?) projected at $163 billion dollars if I remember correctly. Use to be America could out manufacture anybody. Not any more.

It's not going to be long before China is more powerful than the US.

DM Jim

**The Roman Candle** · 06-24-2005, 02:30 PM

I've BEEN worried about China. I was doing "FEAR THE CHINESE" threads months ago, when they passed that Taiwan resolution.

**DrMachine** · 06-24-2005, 02:31 PM

yes

unless it's PF Chang which I find is pretty good

**amy** · 06-24-2005, 02:31 PM

For a minute I got scared there would be no more Chinese food.

But no, I'm not worried about the possible purchase of an oil company.

**DungeonMasterJim** · 06-24-2005, 02:31 PM

BTW - CNN just said the $18 billion bid is in cash!

Ugh!

DM Jim

**Thudpucker** · 06-24-2005, 02:38 PM

The outsourcing of our jobs scares and concerns me a great deal.

But I'm not scared of China, it's been obvious that they would replace us as the leading World power for a long time now. It will be interesting.

**DrMachine** · 06-24-2005, 02:42 PM

Originally Posted by Thudpucker

The outsourcing of our jobs scares and concerns me a great deal.

But I'm not scared of China, it's been obvious that they would replace us as the leading World power for a long time now. It will be interesting.

yup

I'm going to make sure I learn Chinese first chance I get

**Busman** · 06-24-2005, 02:46 PM

I'm not so much bothered by the bid as I am by it being held by essentially a government. If the US Govt came in and bid on Unocal (and don't think for a second that they couldn't pull up 18B in cash if need be), it would be shot down almost immediately.

I don't object to Chinese businesses purchasing US companies (anymore than I was with Japanese companies doing it in the 80s); I have a problem when governments get involved though.

**XSaraXPoeX** · 06-24-2005, 02:52 PM

I'm more worried about the U.S. government than China.

**joespam** · 06-24-2005, 02:57 PM

I'm more worried about the Chinese military if they ever decided to play hardball than I am about an oil company sale.

That doesn't mean I'm 100% okay with a foreign government buying a US company, though.