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| China-Japan-Koreas |
| Lawsuit In China Could Be A Tripwire To Watch |
| 2016-04-28 |
| [Daily Caller] Most Americans are listening closely to what Donald Trump has to say. Like him or not, he's got their attention. One issue he constantly addresses that few would argue about is our relationship with China. I've personally characterized it for years in the simplest of terms. "We give them money. They give us stuff." It’s of course more complex than that, but as Mr. Trump notes, they always seem to have the upper hand. Now there is word that one of the many companies owned by the Chinese government, the Chinese National Offshore Oil Company (CNOOC), is being taken to court over monies owed to a privately owned company with a large number of Western investors. That company, Primeline, is owed approximately $57.5 million after CNOOC failed to meet certain well-defined contractual obligations. Besides monies owed Primeline, an article in a Hong Kong newspaper now states that CNOOC runs the risk of defaulting on loans from a number of lenders. A Chinese government owned company defaulting on loans? There’s something Mr. Trump could sink his teeth into. A harbinger of things to come? One hopes not. The author is a former Marine and intelligence officer. |
| Posted by:Besoeker |