Wednesday, June 29, 2005

China rails against evils of market intervention

A freaking communist country is lecturing the US on market interference?? (via Drudge) Something is definitely wrong with this picture.

Foreign Ministry spokesman Liu Jianchao said that China National Offshore Oil Corporation's $18.5 billion offer for Unocal was "normal commercial activity between enterprises."

Liu said "economic cooperation between China and the U.S. serves the interests of both sides and commercial activities should not be interfered in or disturbed by political elements."