Article-possessive combination; is it correct?

[peteryoung]

Here's one sentence from one of today's VOA reports

Consequently, Nicholas Lardy of the Washington-based Institute for International Economics sees the Unocal deal as a mere drop in the China's oil bucket.

It sounded right with me when I first heard it. But later when I looked at the transcript I couldn't find a explanation for it: how can a definite article be combined with a possessive? Aren't possessives per se carrying a sense of definiteness?

[Mister Micawber]

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It's a typo, Peter-- happens in the news all the time.

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[peteryoung]

Haha, i got it. Thanks for replying!