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Chinese Bid for Unocal Stirs National Security Debate

Politics has taken center stage in China's bid for oil. Last week, a Chinese oil company bid more than $18 billion for Unocal, a California-based oil company. Many members of Congress say the bid should raise national security concerns.

Copyright 2005 NPR

Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.