Skip to comments.China investment deal raises red flags in Canada
Posted on 04/26/2013 11:17:14 AM PDT by Olog-hai
Its not exactly news that Canada ranks among the world's top five energy producers. Currently, it is the third largest gas producer and holds the third-largest proven oil reserves.
What is new, however, is that Canada for the first time last year became the top destination for Chinese investments abroad, beating out its southern neighbor, the US, the worlds biggest economy. While Chinese firms spent more than $20 billion in Canadaalmost all of it in the energy sectorthe US received just more than $10 billion, according to finance data specialist Dealogic.
In contrast to Canadas traditional stance of openness in its FIPAs, all Canada-China arbitration casesexcept the decisionare private.
That means that Ottawa can make arbitration cases against Canada public while Beijing can keep cases against China under wraps.
(Excerpt) Read more at dw.de ...
Red flags in Canada?
C’mon down here Chicoms. Obama will give you the key to the country.
Americans are engaged in economic suicide and China realizes that fact, that the USA is not open for business.
China will soon surpass the USAs economy.