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THE CHINESE BILLION
Story from Lragir.am News:
http://www.lragir.am/engsrc/politics22056.html
Published: 13:20:30 - 02/06/2011
The Hetq reports that the head of the National Competitiveness
Foundation Bekor Papazyan has resigned because he was against the
exploitation of iron mine in the region of Tatev, in Svarants. He
thinks the exploitation of the iron mine will harm tourism in this
region.
The iron mines in Svarants and Hrazdan which allegedly belong to Member
of Parliament Vardan Aivazyan have been sold to the Chinese Fortune
Oil company which is said likely to invest 500 million dollars and
open 2000 jobs.
Interestingly, the environmentalists met with the Chinese ambassador
and alarmed about the pollution which will be caused by iron
production. The ambassador told them there is no such Chinese company,
it is based in Hong Kong.
It should be noted that Hong Kong has been part of China since 1999.
The Armenian ambassador to China is Armen Sargsyan, Prime Minister
Sargsyan's brother. Under his office the Shanxi-Nairit was opened
in China. This factory was built with equipment and assembly line
dismantled and brought from the factory in Yerevan.
The North-South highway is reported to be built by a Chinese company.
At least, this information has not been officially ruled out.
There was a time when Armenia tried to have China finance the
construction of Iran-Armenia. Two years ago Speaker Hovik Abrahamyan
took the project to China, expecting a billion dollar investments
from this country for its construction.
The government seemed to be badly in need of the Chinese billion.
However, the Chinese need the Armenian billion and they are getting
it easily, consistently, almost quietly.
Story from Lragir.am News:
http://www.lragir.am/engsrc/politics22056.html
Published: 13:20:30 - 02/06/2011
The Hetq reports that the head of the National Competitiveness
Foundation Bekor Papazyan has resigned because he was against the
exploitation of iron mine in the region of Tatev, in Svarants. He
thinks the exploitation of the iron mine will harm tourism in this
region.
The iron mines in Svarants and Hrazdan which allegedly belong to Member
of Parliament Vardan Aivazyan have been sold to the Chinese Fortune
Oil company which is said likely to invest 500 million dollars and
open 2000 jobs.
Interestingly, the environmentalists met with the Chinese ambassador
and alarmed about the pollution which will be caused by iron
production. The ambassador told them there is no such Chinese company,
it is based in Hong Kong.
It should be noted that Hong Kong has been part of China since 1999.
The Armenian ambassador to China is Armen Sargsyan, Prime Minister
Sargsyan's brother. Under his office the Shanxi-Nairit was opened
in China. This factory was built with equipment and assembly line
dismantled and brought from the factory in Yerevan.
The North-South highway is reported to be built by a Chinese company.
At least, this information has not been officially ruled out.
There was a time when Armenia tried to have China finance the
construction of Iran-Armenia. Two years ago Speaker Hovik Abrahamyan
took the project to China, expecting a billion dollar investments
from this country for its construction.
The government seemed to be badly in need of the Chinese billion.
However, the Chinese need the Armenian billion and they are getting
it easily, consistently, almost quietly.