Economist - China syndrome:
"Against this background a significant drama is being played out: the $18.5 billion bid by CNOOC, a Chinese state-controlled company, for Unocal, an American oil company. It is not the first time that the Chinese have bought abroad to ensure access to commodities, nor the first time that a Chinese enterprise has bid for an American one. But coming at a time when the price and availability of energy are looking a tad dubious, the bid has provoked an outcry in the land of the free."
