"China reached a long-term deal to lend $25 billion to two Russian energy companies in exchange for an expanded supply of Russian oil, highlighting how the world's No. 3 economy is using itas financial muscle to lock up access to natural resources. ... The overseas agreements are fueling concern in Australia, where China has been especially active lately. ... The Chinese companies say their investments are driven by business, not political considerations. ... China Development, a government-controlled lender that has been the major source of financing for China's resource push, declined to comment. ... [Russia's] crude-oil production fell in 2008 for the first time in 10 years. The loan from China Development will allow Rosneft to invest in its relatively undeveloped East Siberian fields and refineries", my emphasis, David Winning, Shai Oster and Alen Wilson at the WSJ, 18 February 2009.
Invest? Or is China "selling" dollars for real assets?