For starters China is not an emerging economy. Nor is it a trading partner like the United States. It is a global economic warrior ruled by one party for 60 years and that totalitarian party is now on an aggressive shopping spree. This is a warrior that avoids the strong and strikes at the weak. And Canada, a nation without firm investment policy or strategy, makes a convenient target.
Is Canada's antitrust regime equipped to accurately assess the competitive effects of SOE behavior in Canadian markets?
Do existing Canadian laws regulating market activity adequately contemplate an economy in which state-owned or controlled enterprises are major players?
Does Canada securities law disclosure regime provide investors with a complete and accurate picture of the ownership and governance of Chinese SOEs?
Last but not least, where an investment is made by a state-owned or controlled enterprise, should that entity be characterized as an "investor" for purposes of a FIPPA treaty? (The treaty Harper proposes to ratify wasn’t designed for state-state arbitration but for investor-state arbitration!)
In Beijing party cadres no doubt are now gloating. They have found a weak leader in Canada who sells without negotiating, governs without consulting and rules without thinking.
Pollution, bribes, more. Nikiforuk pries open the record of China's oil giant, business partner for Northern Gateway pipeline.