There is a Story today that tells about something that is Portugal’s business, but the concern of many outside that country. A Chinese state-owned company, China Three Gorges Corp, is buying Energia de Portugal - the utility company in Portugal. Most countries have National Security policies that prohibit this kind of takeover, but it appears Portugal does not.
I have quite a few readers in Portugal and wonder what their countrymen are thinking about letting China buy their power conglomerate. It doesn’t take a lot t of thought to see that this purchase is not a good idea. We have determined in the past year that when a state- owned enterprise buys something, it is China’s government buying it. Who would sell a utility that is key to the economic well being of a country to any other country, let alone China?
Think about having your electricity controlled by China. They can do what the did to Google and limit or disrupt supplies any time they disagree with a policy. Google got tired of trying to compete in a market that was grossly biased in service to its customers. The politics are even more dicey and China is known for its links with policy and economics. Soybean inspections just happen to go up when policies aren’t agreed to. That can taint any relationship. If I were you, I would give this some more thought. It makes no sense to have another country controlling and part of key infrastructure - power, rail, networks, et al. Think about it.
No comments:
Post a Comment