A Disney theme park has been approved by the Chinese government to be built in Shanghai, China. Walt Disney Company hopes to open the new Shanghai Disneyland by 2014. [thestandard.com.hk and bbc.co.uk]
Read the full story, Shanghai Disney park approved, at The Standard of Hong Kong.
Read the full story, Disneyland approved for Shanghai, at the BBC site.
Four years ago, United States denied China’s bid for Unocal on national security grounds. Four years later, the state-owned China National Offshore Oil Corp. (CNOOC) is reportedly in negotiation to purchase leases by the Norwegian StatoilHydro in U.S. waters in the Gulf of Mexico. China has a growing demand for oil but its local supply is stagnant, so China is looking for sources abroad especially in U.S. waters. Gulf of Mexico is the source of about a quarter of U.S. crude oil production. [latimes.com]
Read the full story, China’s push for oil in Gulf of Mexico puts U.S. in awkward spot, at the Los Angeles Times site.
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