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Ace Investment Strategists chief trader Yu-Dee Chang on China's effort to become an international player.
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-- Chinese oil companies that spending billions billions and billions of dollars in hopes to strengthen their energy market but.
The question is will that oil even make it back to China.
You to -- -- chief trader at its investment strategist joins us from DC now and joins us -- to talk about goings on in China.
And you know they spent for example CNOOC spent fifteen billion dollars of the Canadian company and there are many other big time oil investments just last week for the Chinese.
But apparently a lot of the oil -- to back to China they just want the technology they want to know how.
What do you what do you make of that move from the Chinese and how should we view it as Americans.
Yeah -- know that's a very -- question if you think about it.
No -- I think when it comes to oil is a live a more sensitive what technology for that matter right but.
They do in the allowed no house and other areas to assault specifically.
With this.
Problem you're right the Chinese Government is telling -- look companies to become international.
Integrated oil companies they want to have reserves they -- have drilling platforms all over the world.
That's why they're making this purchase -- like you're saying they're really only gain about maybe 180000 barrels.
All of oil per day -- the know how.
Is what they want number one specially the fracking technology and with that the -- they'd -- they want the experience of being international play -- well.
I guess what I'm asking is as we look at a story like that should be -- -- -- -- that's fine it's interest thing.
And maybe there's an investment opportunity here or should we look at it and say this is a national security concern of some sort.
Yeah you don't -- the Millon dollar question I think up from China has the rise of China -- -- blasts that a lot of countries.
Don't know exactly how to deal with us all -- they exactly friends or are they post -- so my personal.
-- case.
By case basis while we talking about some sensitive.
Technology military technology are we talking about.
All Waste Management garbage disposal technology I think depending on.
A case by case basis on one cat that we wanna make sure that we keep some kind communication channel open on the other hand we do wanna be on guard for the rest well.
-- while we have you on you.
Growth figures here the United States last week which -- exactly.
Com encouraging to see growth slow down as much as it -- taking a look on the screen right now GDP growth the United States vs China of course.
Not necessarily to countries -- Compare apples to apples is because of the stages obviously of economic development but the the Chinese are slowing as well in Europe -- mess -- the Chinese slowing.
Too much is -- grow a slowdown in growth they can handle what's your latest view on the -- the slowdown in China and their -- the government's ability to contain under -- stimulate growth.
Yeah out Yelp excellent idea I think this you -- if you -- starting about six month ago I actually have turned a little bit bearish on China however I think just in the past couple weeks.
I actually believe.
The soft landing scenario is going to materialize meaning that they're not going to -- landing I think.
I think privately.
What 7% growth is what China really really needs to happen in water to sustain this off.
Employment for the ever growing middle income population right now they're prime minister when -- by saying that while we -- seven and a half.
Capsule and looks like.
They are are stabilizing I think I think they're -- -- they'll stay above seven.
I think they'll stay above seven and a half a specially we're sort joking around a little bit I guess so when the -- of Communist countries that are that pay our GDP is going to be seven to have.
I think of government officials -- help -- -- -- -- after a seven and a half -- -- -- that's the problem with trying to get transparency out of in the country like China you do Chang has always thank you very much.
Think yeah.
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