From Peruvian copper to Sudanese oil to Congolese cobalt, China's global resource deals have made a lot of headlines over the past few years, and they're often not without controversy. That's just as true in the developed world as in the poorest and most politically fragile nations. CNOOC
In recent years, China has modified its approach in North American resource deals. Rather than swallow companies whole, the country -- through sovereign wealth funds and state-owned enterprises -- has ponied up for partial ownership interests. This seems a lot more palatable to the U.S. and Canadian powers that be.
China Investment Corp. came to Teck Resources'
While its big Unocal bid failed, CNOOC is now drilling at our door, thanks to an agreement with Statoil
Another North American oil move that's gotten regulatory approval in recent days is PetroChina's
Of course, China can only push these strategic investments so far before finding itself once more in sensitive territory. Just ask Aluminum Corp. of China