Word: premier
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...lack the capital or technology to exploit them. Once Chinese companies have a stake in oil coming out of the ground, even if it originates abroad, they'll have secured long-term supplies independent of the world's fickle prices. The process of overseas exploration began in 1997, when Premier Li Peng encouraged state-run oil concerns to look outside China's borders for investment opportunities, and in the past few years the search has ranged all over the world...
...CNPC swooped in with an offer that was reportedly 17% higher, and snatched the oil deal for China. "The Chinese are definitely very aggressive in the price they are willing to pay," says R.S. Butola, managing director of ONGC Videsh. Similarly, Vietnam's leaders recently complained to visiting Chinese Premier Wen Jiabao about CNOOC's intent to conduct seismic testing near the Spratly Islands in partnership with the Philippine National Oil Co. The Spratlys, a mostly uninhabited archipelago in the South China Sea, are believed to harbor commercial deposits of oil and gas, but sovereignty over the islands has long...
...leaders in Australia's history have been bold enough to orchestrate a sharp turn in school funding policy. In 1880, when less than a third of New South Wales children received schooling, the state's premier, Henry Parkes, pushed through the Public Instruction Act, establishing free, secular and compulsory education. Grand stuff; but by simultaneously withdrawing all aid from denominational schools, Parkes caused almost a century of community division...
...Taiwan has the technology and capability to develop a medium-range missile program, which is supported by a secret government budget," Lee told TIME. "We've entered the test-fire phase and may be able to begin mass production in two to five years." In a statement last month, Premier Yu Shyi-kun made it clear that Taiwan would use the missiles if attacked. Yu called for a cold war-style "balance of terror" between the island and China. "If you fire 100 missiles at me, I should be able to fire 100 missiles at you, or at least...
...recalls the teenager boasting how he would be prime minister one day. Latham has spent his entire adult life making his way up from the grass roots: working as an aide to the retired Whitlam, then in the office of New South Wales Labor Opposition leader Bob Carr (now Premier), as a Liverpool City councillor and, since 1994, as the local M.P. for Werriwa. He's diligent, serious and bookish - and a seeker of political tutors. His Labor contemporaries never doubted he'd attain the leadership; some of them, however, were surprised by how quickly he got there, how cleverly...