Wednesday, April 26, 2006
Chinese President Hu Jintao Is On The Move
President Hu Jintao has recently visited the U.S., Saudi Arabia, Nigeria and other African countries. China is growing at a rapid pace and the visits to the big oil countries probably included serious discussions about increasing trade. Published reports put Chinese exports to Africa at around $14 billion and imports from Africa at about $16 billion. China also has very serious environmental pollution problems and hopefully they will adopt aggressive strategies that will include building nuclear power plants and plug-in fuel cell hybrid electric vehicles to avoid becoming dependent on imported oil and to curb air pollution.