THE NEW YORK TIMES: A Deft Balance in Orchestrating China’s Oil Offer
“Mr. Fu said the withdrawal of Shell and Unocal had no bearing on the decision to buy Unocal.”
Thursday July 7, 2005
He has cultivated a Western image, telling visitors that he prefers coffee to tea for the extra caffeine jolt it gives him and hinting that he thinks like a maverick, not a politically correct steward of one of the country’s influential businesses.
Asked about his relations with Chinese leaders, he jokes that there are few he can talk to.
“I don’t think there’s anybody in the government who understands our business,” he said.
Yet whether or not they understand, there are signs that they care. Cnooc has followed a path set by the Politburo and repeated by President Hu as recently as last week, when he told a Politburo session on energy, “We must enthusiastically push ahead with international cooperation to develop energy resources and fully make use of international markets.” read more
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