“Iraq, China to revive Saddam-era oil deal as Baghdad seeks investment”,” by , Associated Press, 29 October 2006, (from Democratic Underground).
As the Bush Administration welcomes friendly ties with China:
A Chinese military delegation will begin a five-day tour of U.S. military installations in Hawaii and California on Monday and meet with senior U.S. officers in the latest step to repair military ties between the two countries.
About 30 midlevel military commanders in the People’s Liberation Army, including division and brigade commanders, will visit U.S. Pacific Command headquarters in Hawaii, tour a guided missile destroyer in San Diego and observe Marine training at Camp Pendleton, Calif.
It is the third such visit by Chinese military officers since the countries agreed last October to increase military exchanges.
And, through the Iraqi government, has the Central State reinvest in Iraq:
China and Iraq are reviving a 1997 deal worth US$1.2 billion (â‚¬850 million) signed by Beijing and Saddam Hussein’s government to develop an Iraqi oil field, Baghdad’s oil minister said Saturday.
Officials will meet next month to renegotiate the agreement over the al-Ahdab field, said Iraqi Oil Minister Hussain al-Shahristani. He was wrapping up a three-nation tour to secure investment to revive his country’s oil industry.
You can count on the Congress to play the protectionist card:
)â€” A congressional advisory panel’s draft report is urging lawmakers to push for tough action against China on two festering trade disputes: intellectual property protection and Washington’s view that China’s currency is undervalued.
Recommendations in a draft of the annual report by the U.S.-China Economic and Security Review Commission, obtained by The Associated Press, deal with complaints by American manufacturers that Beijing’s artificially low currency makes Chinese goods cheaper in the United States and American products more expensive in China.
China is America’s natural ally in Systems Administration — keeping the peace around the globe. It’s too bad the Republican Congress does not recognize this.