China is the world’s largest country, edging out second-placed India by nearly 100 million people. And with mass of citizens totaling to 1.34 billion, it should be no surprise to see the country exhibit fears of resource scarcity. But it also comes as no surprise to see the Chinese government taking actions to ensure that they have their fair share of global resources and commodities available to them. One example being the announcement of Canadian oil firm Nexen agreeing to an acquisition by China’s CNOOC for approximately $15.1 billion dollars [for more commodity news and analysis subscribe to our free newsletter].