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Business, Not Politics, China Says of Unocal

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Business, Not Politics, China Says of Unocal

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Business, Not Politics, China Says of Unocal

Business, Not Politics, China Says of Unocal

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  • <iframe src="https://www.npr.org/player/embed/4721956/4721957" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Responding to U.S. concerns over China's bid to buy Unocal, Beijing says the attempted acquisition is an economic matter, not a political one. But analysts note that strategic concerns may also be in play: China wants energy security in the event of any future dispute with the United States. People on the streets of Beijing accuse the United States of hypocrisy. Says one, "If the United States can invade Iraq partly to protect the flow of oil, then China should be free to conduct a normal business transaction in peacetime."