In a radio interview airing Nov. 17 on Canadian Broadcasting Corporation, Zhang Junsai, China’s ambassador to Canada, told radio host Evan Solomon that Chinese firms are not involved in foreign espionage, “I can assure you that our companies working in other countries are strictly doing business according to the local laws.” Zhang blamed the […]
Back in 2005, the China National Offshore Oil Corporation (CNOOC) tabled a huge $18.5 billion offer for the American oil company Unocal. Despite the logic of strategically buying up Unocal for its Central Asian prospects, improving its Shale gas infrastructure and the tempting ‘all-cash’ nature of the buyout, the deal ultimately floundered on the banks […]