- Aug 6, 2012
- 28,059
- 24,861
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Canada, the RCMP and their surrogates will continue to stab America in the back. Hopefully this administration knows what is at stake. The reality is that Canada will engage in free trade with China eventually as we share similar systems, especially here in Communist Ontario.
Canada and Chinas system is based on nepotism, big government, intrusive and powerful police agencies that are the de facto "managers" of foreign businesses on our land. When we have Canadian businesses expand to other countries, you can also assume a heavy covert presence by our low performing agents. I've been warning about this foreign interference in Canada and BY Canada for a decade.
No wonder our allies don't trust us...
U.S. Congress urged to crack down on Chinese investment as Canada opens door
A U.S. congressional watchdog is calling for stricter oversight of investments or takeovers by Chinese companies and a ban on Beijing's state-owned or state-controlled entities from buying U.S. assets – a dramatically different approach to China than the one Ottawa is taking.
The annual report to Congress by the U.S.-China Economic and Security Review Commission arrives shortly before Prime Minister Justin Trudeau is expected to begin free-trade talks with China that could ultimately see Canada relax controls over Chinese investment in this country.
The federal government has already signalled a greater willingness than the previous, Conservative government to open Canada's economy to Chinese investment, allowing a high-tech takeover that was banned under former prime minister Stephen Harper to proceed and approving another one without a formal national security review.
In contrast, the U.S. report says Washington needs to be vigilant as China expands investments in new technology and industries around the world such as robotics, artificial intelligence, information communications, biotechnology and agriculture.
"These investments lead to the transfer of valuable U.S. assets, intellectual property and technology to China, presenting potential risks to critical U.S. economic and national security interests," the report says.
Chinese investment in the United States has risen dramatically over the past half-decade, it notes. On a cumulative basis, the amount invested in key sectors rose to $46.2-billion (U.S.) in 2016 from $4.6-billion in 2010.
Meanwhile, Chinese foreign direct investment in Canada totalled $5.2-billion (Canadian) in 2016, down from $10.2-billion in 2010, according to the University of Alberta's China Institute.
The congressional commission says China's authoritarian Communist Party exercises enormous influence over all Chinese corporations – whether they are state-owned or privately run.
"Some private Chinese companies operating in strategic sectors are private only in name, with the Chinese government using an array of measures, including financial support and other incentives as well as coercion, to influence private business decisions and achieve state goals," the report says.
Some Chinese firms even seek to obscure their dealings in the United States through the use of U.S.-based shell companies or try to drive down the value of U.S. assets through sophisticated cyberespionage campaigns and then acquire the firms, the report says.
Canada and Chinas system is based on nepotism, big government, intrusive and powerful police agencies that are the de facto "managers" of foreign businesses on our land. When we have Canadian businesses expand to other countries, you can also assume a heavy covert presence by our low performing agents. I've been warning about this foreign interference in Canada and BY Canada for a decade.
No wonder our allies don't trust us...
U.S. Congress urged to crack down on Chinese investment as Canada opens door
A U.S. congressional watchdog is calling for stricter oversight of investments or takeovers by Chinese companies and a ban on Beijing's state-owned or state-controlled entities from buying U.S. assets – a dramatically different approach to China than the one Ottawa is taking.
The annual report to Congress by the U.S.-China Economic and Security Review Commission arrives shortly before Prime Minister Justin Trudeau is expected to begin free-trade talks with China that could ultimately see Canada relax controls over Chinese investment in this country.
The federal government has already signalled a greater willingness than the previous, Conservative government to open Canada's economy to Chinese investment, allowing a high-tech takeover that was banned under former prime minister Stephen Harper to proceed and approving another one without a formal national security review.
In contrast, the U.S. report says Washington needs to be vigilant as China expands investments in new technology and industries around the world such as robotics, artificial intelligence, information communications, biotechnology and agriculture.
"These investments lead to the transfer of valuable U.S. assets, intellectual property and technology to China, presenting potential risks to critical U.S. economic and national security interests," the report says.
Chinese investment in the United States has risen dramatically over the past half-decade, it notes. On a cumulative basis, the amount invested in key sectors rose to $46.2-billion (U.S.) in 2016 from $4.6-billion in 2010.
Meanwhile, Chinese foreign direct investment in Canada totalled $5.2-billion (Canadian) in 2016, down from $10.2-billion in 2010, according to the University of Alberta's China Institute.
The congressional commission says China's authoritarian Communist Party exercises enormous influence over all Chinese corporations – whether they are state-owned or privately run.
"Some private Chinese companies operating in strategic sectors are private only in name, with the Chinese government using an array of measures, including financial support and other incentives as well as coercion, to influence private business decisions and achieve state goals," the report says.
Some Chinese firms even seek to obscure their dealings in the United States through the use of U.S.-based shell companies or try to drive down the value of U.S. assets through sophisticated cyberespionage campaigns and then acquire the firms, the report says.
