Thursday, February 2, 2012

China Workers Abroad Becoming Easy Prey

During the oil and gas lecture last week, the issue of Chinese investments into Sudanese oil and the high risk exposure that accompanies them were brought to light. This Bloomberg article, released yesterday, shows how apropos that topic of discussion turned out to be.

Reports are arising of Chinese workers being kidnapped and held for ransom, and an apparent willingness by companies/government to pay those ransoms may be exacerbating the situation. A rebel attack on a Chinese encampment in Sudan has prompted members of the Foreign Ministry and representatives of CNPC to speak with Sudanese government officials regarding the safety of their workers abroad. It will be interesting to see how China will address these situations, and how it may affect their future foreign investment decisions

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