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National Alliance and Chinese Communist Party Team up

September 9 2007 at 11:48 PM
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kolwan  (no login)

It's quite a move that National Alliance and Chinese Communist Party have established sister party relationships.

I was discussing with a friend about capitalistic societies and their benefits and exploitations. So the questions arise. Is this move by NA stratigically benefitial to PNG provided that China has a booming economy?

Can PNG local business harness and use this relationship to our benefit or is our local businessmen/women more conservative in business dealings and fear a tilt in negotiation power? In other words are we prepared to take on the chiness market?



    
This message has been edited by vortexPNG on Sep 9, 2007 11:51 PM


 
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sapot
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Re: National Alliance and Chinese Communist Party Team up

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September 10 2007, 9:48 AM 

As you can see
---------------------------------

Sir Michael meets Chinese president

PRIME Minister Sir Michael Somare has his first bilateral meeting last Friday when he met with the president of the People’s Republic of China Hu Jintao.
Sir Michael said they discussed the “strong and growing” relations between the two developing nations.
Trade between both nations in 2006 totalled US$500 million (K1.5 billion).
In the first half of this year, trade recorded was already US$350 million (K1.1 billion).
Sir Michael said this robust relationship was further exemplified by regular high level visits.
“Before leaving for the Apec summit, I met with Madam Lu, head of China Metallurgical Construction (Group) Corp (CMCC), the operator of the Ramu nickel mine,” Sir Michael said.
CMCC is China’s biggest investment, worth almost US$1 billion (K3 billion) in the Ramu nickel project that is expected to start production by 2009.

http://www.thenational.com.pg/091007/nation12.htm

 
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