In the last two years, Chinese companies have invested over $17 billion in U.S. and Canada oil and gas. These investments come in the form of minority stakes that have allowed the Chinese to quietly increase their U.S. presence and perhaps more importantly, their access to U.S. drilling technology. The article discusses this subtle trend and the access to U.S. R&D that may accelerate the development of China's enormous energy companies.
You can find the article here on the Wall Street Journal website
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