China: Buy BP assets? Could do!

With British foreign secretary William Hague in China today at Beijing's invitation for a fresh round of strategic dialogue on strengthening economic cooperation, online media have chosen to focus on speculation that the larger goal of the talks are to clinch a deal which will see CNOOC purchase assets in BP, reportedly from the oil company's South America operations.

Readers at NetEase seem to be among the few with much to say on the possibility of buying into BP:

天朝老子有的是钱,几万亿美元外汇,单单买了两房,亏了5千亿美元都不在话下。BP 你要多少给多少,小意思而已啦。

China's got money, a couple billion in USD foreign exchange reserves, minus the 5 trillion or so we lost in the takeover of Fannie Mae and Freddie Mac. BP, name your price, it's just pocket change.


They're loaded and stupid, better move quick


Everyone except China knows that on June 27, BP was formally handed a fine of RMB 420 billion [?], more than [USD 19] billion than their total assets in all of America. There's no way they can come up with that much cash, which is why they won't be able to sell unless they make some heavy sacrifices. BP North America is bankrupt and BP South America possibly is too.


China will foot the bill for the Gulf of Mexico, definitely, there isn't anything China can't do!


As long as you stop swearing at me, I'll buy it all.

CNOOC building in Beijing, from Helen Sotiriadis’ pro Flickr account.


Instead of selling at a loss, you might as well just shut down and liquidate! Wait and see!


“According to Cui Xinsheng, purchasing BP would be a money-losing transaction; with endless damages now owed to the American government and BP technology itself so outdated, chances are slim the company will recover.”
——it's obvious that losses will not be recovered, but you have to trust the Party and the government. We need to do everything we can to prove that we can be a responsible power, even if it means taking some hits.


What Beijing wants isn't money, but the vanity that having political capital brings


Sure we've got money, but instead of spending it wantonly, we should go steady, with conditions. First work to get rid of the EU's arms embargo on China, and then we'll talk.


Chinese officials are gonna get so many kickbacks from this deal


When they're not being gorged or swindled or held captive in the stock market, taxpayers are now being made into scrap collectors.


**, if China goes and buys it, if it doesn't go bankrupt it'll end up delisted!


Look, see how rich we are now? Even England is coming to us asking us to pay its bills.


What's the first line in the national anthem again?


This pack of trash specialists, losers and cowards have turned China into a trash recycling center!


If this gets us a bit more respect, it's worth such a trifle of money.


Let it collapse. BP took a lot of British people's pensions with it when it went and got mixed up in America. We must make these two governments pay the price and refuse to make this deal. The British and Americans owe us too much, the reason they get to live the good life is because we're here paying for it with our blood, sweat and tears.


Okay, fine, but don't forget that China's powerful still have their main mission to take care of, getting their sons and daughters and whoever safely over to England.

国民生产总值既不是衡量我们的理解力和勇气的标准,也不是衡量我们的智慧和学习能力的标准,更不是衡量我们的热情和奉献精神的标准,简单的说,除了无法使我们的生活更有价值外,它是衡量一切事物的标尺。同时它能够告诉我们有关美国的所有故事,但却不能告诉我们身为美国人值得骄傲的原因。 — 罗伯特·F·肯尼迪

“Our Gross National Product…measures neither our wit nor our courage, neither our wisdom nor our learning, neither our compassion nor our devotion to our country, it measures everything in short, except that which makes life worthwhile. And it can tell us everything about America except why we are proud that we are Americans.” —Robert F. Kennedy


Whoever agrees to a purchase of BP is a traitor to this country


All large corporations will sooner or later belong to China…


See how great it is to have money? Anyone with a problem comes knocking, anyone short of cash comes begging us to pay their bills. We paid for Freddie and Fannie, and now there's this oil spill in the Gulf of Mexico, how can we refuse to pay?

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