China Getting Ready to Buy Canada

tay

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Chrystia Freeland's silence following her first trip to China as foreign affairs minister is troubling, says Charles Burton

As Canadians digest a stream of news and punditry about NAFTA renegotiations, there’s another trade relationship—possibly more consequential for our future—that’s being forged in comparative silence.

The second China-Canada Foreign Ministers Dialogue was recently held in Beijing, with Canada’s Chrystia Freeland sitting down with her counterpart Wang Yi to “explore ways to further consolidate Canada-China ties,” as Xinhua news agency put it. Upcoming Canada-China trade talks topped the agenda.

But despite anxiety in Canada over China’s demands in any new deal, and what’s at stake should Canada dramatically increase our trade with the Chinese, we know little about what was even discussed. Freeland flew home with no post-meeting news conference. No communiqué was issued.

Given the shocking spectacle that crowned last year’s edition of this dialogue when Wang arrogantly berated a Canadian journalist who asked about China’s human rights record, many might suspect the secrecy is Beijing’s precondition to any further talks. Based on my past experience as counsellor at the Canadian embassy in Beijing, I find this quite likely.

When John McCallum, now Canada’s ambassador to China, was a federal cabinet minister, he was a champion of expanding connections between Canada and China, and doing it on Chinese terms. McCallum, who was at the recent meetings with Freeland, evidently buys in to Beijing’s “friend of China” platitude.

He apparently accepts the Chinese Foreign Ministry line that China is the future, and sustaining Canada’s economic growth means Ottawa should acquiesce to Beijing’s “distinctive” domestic governance and strategic aspirations abroad.

As Justin Trudeau himself said in 2012: “We deceive ourselves by thinking that trade with Asia can be squeezed into the 20th-century mould. China, for one, sets its own rules and will continue to do so because it can. China has a game plan. There is nothing inherently sinister about that.”

McCallum, the cabinet minister, likely would have agreed, even if turning a blind eye to human rights abuse in China is tacit consent of arbitrary imprisonment, torture, suffering and death.

But McCallum, the ambassador, is subordinate to his former junior cabinet colleague Freeland, who is thought to have a more textured and sophisticated grasp of communist regimes and how to promote Canadian interests in discussions with the Chinese.

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The worrying silence around Canada's trade talks with China - Macleans.ca
 

tay

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Most of what Canadians read and hear about modern China occupies a narrow space between calculated dishonesty and aggressive deception.

A Chinese economy still overwhelmingly run through politicized structures is portrayed as a hub of free enterprise. A state ruled by a despotic clique is sold as a forward-thinking global leader. A regime bent on deploying technology to control its populace and wage cyber warfare abroad, is featured as a bastion of technological marvels. A country that holds little genuine affinity for Canada, beyond what will serve its own interests, is presented as a loyal, unambiguous friend.

That China is a different nation today than it was 40, 30, or even 10 years ago is undeniable. But the unqualified praise for the lessons Beijing belatedly learned since the 1980s must not be used to conceal how China remains captive to a deeply regressive governing ideology — a mixture of Communism, chauvinism, mercantilism, and colonialism.

Indeed, in many ways the defining story of the last few years has been the steady eclipse of Beijing’s much-vaunted agenda of “reform” by a resurgent and unapologetic pursuit of geopolitical self-interest explicitly at odds with that of its supposed Western partners.

The rise of President Xi Jinping, an ultra-establishment hardliner, has been particularly revealing. His short reign has already made clear that the People’s Republic will be animated by solidified one-party rule, entrenchment of a neo-Communist command economy, and consolidation of a vast empire of interests abroad. Persistently troubling trends show no sign of slowing, including the increasing “weaponization” of Chinese commerce to elicit geopolitical submission, rigid alliances with rogue states, self-serving distortions of international law, and an aggressive defence of the so-called “Chinese model” of development unburdened by “foreign” notions of democracy and human rights.

With China’s industrialization, forays into globalization and technological innovation, the country’s economic interests have never been more globally engaged, and today they correlate directly to its more formidable military and strategic ambitions. China is no longer willing to hide its strength and bide its time, as the architect of its state capitalist model Deng Xiaoping had recommended long ago. Instead, President Xi is shifting China’s posture from strategic patience toward seizing the strategic advantage — by rapidly developing China’s digital, economic, political and military arteries around the world, with Beijing as the heart of a rising and reinvigorated Middle Kingdom.

The Trudeau government is not the first in Canadian history to view China’s strength and size with reckless excitement, but it is certainly the first to channel this enthusiasm into a policy goal as substantive as free trade. Free trade with China, which Ottawa pursues with a dogged determination they’ve been unable to muster for much else, is marketed as a panacea to alleviate virtually everything that ails modern Canada, from sluggish economic growth to traditional insecurities of “American dependence.”

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The Trudeau government overlooks China
 

Danbones

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Sep 23, 2015
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WE will always be down wind of the latest political and/or economic miracle
 

tay

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China has just tapped into tax payers funding by buying road construction company Aecon. Aecon does road construction/infrastructure and all of the funding for such work comes from taxpayers.


I see the name Brian Tobin in the story and I wonder if that's the same one we know...?


Chinese construction firm CCCI to buy Canada's Aecon for $1.5B


"We believe this is a very positive outcome for Aecon and our key stakeholders," Aecon chairman Brian Tobin said in a statement Thursday.

"This transaction is the result of an active and diligent sale process that has enabled us to select an outstanding partner and create significant shareholder value."

CCCC International, also known as CCCI, is the overseas investment and financing arm of China Communications Construction Company Ltd., one of the world's largest engineering and construction groups.

Aecon will continue to be headquartered in Canada while CCCI's size and financial strength will help it bid for larger and more complex projects, the companies said.

Chinese construction firm CCCI to buy Canada's Aecon for $1.5B - Business - CBC News

Chinese firm buying Aecon was subject to fraud ban by World Bank

https://beta.theglobeandmail.com/ne...-in-disputed-south-china-sea/article36725492/
 

B00Mer

Make Canada Great Again
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Why not buy Canada, they already own the USA... we are just the next logical step.

“The U.S. debt to China is $1.2 trillion as of August 2017. That's 30 percent of the $3.05 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $20 trillion national debt is owned by either the American people or by the U.S. government itself.”

That’s not including all the US Corporations that China purchased, like Hewlett-Packard and other US household brands.. :lol:
 

EagleSmack

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China has just tapped into tax payers funding by buying road construction company Aecon. Aecon does road construction/infrastructure and all of the funding for such work comes from taxpayers.


I see the name Brian Tobin in the story and I wonder if that's the same one we know...?


Chinese construction firm CCCI to buy Canada's Aecon for $1.5B


"We believe this is a very positive outcome for Aecon and our key stakeholders," Aecon chairman Brian Tobin said in a statement Thursday.

"This transaction is the result of an active and diligent sale process that has enabled us to select an outstanding partner and create significant shareholder value."

CCCC International, also known as CCCI, is the overseas investment and financing arm of China Communications Construction Company Ltd., one of the world's largest engineering and construction groups.

Aecon will continue to be headquartered in Canada while CCCI's size and financial strength will help it bid for larger and more complex projects, the companies said.

Chinese construction firm CCCI to buy Canada's Aecon for $1.5B - Business - CBC News

Chinese firm buying Aecon was subject to fraud ban by World Bank

https://beta.theglobeandmail.com/ne...-in-disputed-south-china-sea/article36725492/

Looks like it's underway.
 

Curious Cdn

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It's probably better than being "owned" by moronic Yankee assholes who's country has a median IQ of 85.
 

petros

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They bought Aecon because Aecon knows The Husky refinery and upgrader inside out and backwards and nobody trusts Chinese tradesmen to meet the Canadian standards.
 

Curious Cdn

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Davie Shipyard is currently building warships for Canada in partnership with Aecon. That should, at least, raise some eyebrows and perhaps Aecon should be separated from that activity due to security concerns.
 

Durry

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I have no problem with China buying a Constrution company, just not sure why they want a construction company, it has few assets and the only thing that makes a construction company is the people it employs. If the people leave, you have nothing.

I would expect China would purchase something with assets, like a building or manufacturing company?? A bit strange?.
 

Curious Cdn

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There are no Chinese pipefitters in Chinese shipyards?

Maybe, they do it the way it was done in the 1950s, here.

You really think that more efficient, modular methods of building war ships haven't been continuously developed? They are built totally differently, now. A new A.O.R. (Ammunition/Oiler/Replenishment)ship for the Navy was just launched less that two weeks ago at Davie in Levy Quebec. The accommodation island on the ship was prefabricated in a factory in Finland, then assembled like a Lego project on a new deck and re-worked in Levis. I sincerely doubt that the Chinese are there yet but they can easily buy the expertise to be so in places like Canada.
 

taxslave

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I have no problem with China buying a Constrution company, just not sure why they want a construction company, it has few assets and the only thing that makes a construction company is the people it employs. If the people leave, you have nothing.

I would expect China would purchase something with assets, like a building or manufacturing company?? A bit strange?.

No different than buying an engineering company. Mostly you are buying tallent.
 

Curious Cdn

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Feb 22, 2015
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Maybe you can use Google and find out everybody builds in segments these days.

This is your expert opinion from the bottom of a pit, somewhere, is it? Complex stuff sure seems simple when you don't know how complex it really is.