China's Electric Car

China Economic Review pointed me to this article in the WSJ: "China's BYD to Begin Selling Electric Car Next Month." It's not likely that such a vehicle would pass US safety tests, and certainly US consumers have a much higher expectation for quality and service than their Chinese counterparts, but you have to be seriously impressed by the amazingly fast time to market. I hope this little car is a resounding success! Apparently, a company largely owned by Warren Buffett, MidAmerica Energy Holdings, has made a significant investment, so it seems there's some real promise here.

Iraq Oil to China

From the China Economic Review, take a look at this piece on Iraq's first major oil contract with a foreign firm since the fall of Saddam Hussein, with China National Petroleum Corp (CNPC)!

There are those who predict a conflict between China and the US over energy, and this isn't going to do anything to assuage their fears.