China adds more fuel to its economy

• Print
• Email

Updated August 20, 2009 21:22:53

China's ever growing economy has added even more fuel to its fire with the corporate takeover of Geneva-based petroleum group Addax.
The 7.5 billion US dollar acquisition ranks as China's largest ever foreign oil takeover and appears set to secure the country a stronghold on the plentiful African and Middle eastern oil resources for some time to come.

Matt Conway reports..

Presenter:Matt Conway
Speakers: Dr Paul Monk the former head of china analysis at the Australian defence intelligence organisation,
China based political and economics analyst Russell Moses

• Listen:
• Windows Media

• Anwar Ibrahim to concentrate on politics
• Australia accused of rewarding Burma too soon
• North Korean propaganda builds up Kim Jong-un
• PNG leader won't resign over Indonesia airspace incident
• Rudd praises Indonesian cooperation on asylum seekers
• Anwar Ibrahim cleared of sodomy charges
• Elephant poo paper at hit with Bali tourists
• Musharraf announces return to Pakistan