World Investment & Trade: China & Canada:Govt supine as China poaches Canadian industries

Suddenly, official statistics in Canada reveal that the USA is no longer Canada's chief trade partner (you can click-up a pay-for article on the subject), while China has slipped into that top category, with the balance of trade figures pleasantly favouring the Communist Chinese corporations. Many of these companies are known for human-rights abuses and financial shenanigans. This is "the Robber Baron" phase of China's industrial development, all under the auspices of a totalitarian Communist government which practices slave labour, religious oppression, and outlaws a free labour movement independent of the puppet union sponsored by the Communists.

The most recent case of China's investment strategy vis à vis Canada is that of EnCana, a Canadian oil coporation, which has just sold its assets in Ecuador, in the form of Andes Corporation, to a consortium of the Chinese government's oil companies - China National Petroleum Corporation, Sinopec, and Sinochem - with Andes Corp, carrying a price tag of US$1.4 bn that the Chinese were pleased to ante up.

China e-Lobby took note of The Washington Times brief item on the above matter on September 20, and the pro-democracy Lobby then referred its readers to two earlier Communist China investment manoeuvres in Canada. The first (June 2 edition China e-Lobby):

Communist China gets another chunk of Canadian resources: The Communist-run oil firm Sinopec “took a 40% stake in a $4.5-billion Alberta oilsands project” (Edmonton Sun). The acquisition “comes after China National Offshore Oil Corp. bought a 17% stake in MEGEnergy Inc. of Calgary for $150 million in April” and as Communist-owned Minmetals is in talks to buy out Noranda – Canada’s third largest mining firm.

The second (August 22 edition of China e-Lobby):

Woe Canada! PetroKazakhstan agrees to CNPC takeover: Canadian oil firm PetroKazakhstan chose the China National Petroleum Corp (parent company to Petrochina) over two other takeover suitors (BBC). It was yet another move forward in Communist China’s Canada energy grab.

If you click-up the links I've removed from the second, in quoting these two capsules of info on ComChina's world investment strategy, you can detect for yourself a huge pattern in the Mainland Chinese investment component of its international trade strategy, around the critical development of oil sources to meet the explosive growth of demand to fuel its industries. But, further, each one of these state-run companies in each of the foreign countries becomes a host for parasitic espionage and political practices for the Chinese state and its totalitarian dominant Communist Party.

Why Canada goes supine in the face of these realities when they show up on Canadian soil, has to do more with the fevered visions of Prime Minister Paul Martin, than with a wise and realistic assessment of China's "investment" motives. Martin does not acknowledge, besides desire for profits, either the additional factors of China's human-rights absues and of Canada's own internal security-concerns. Martin has no moderate approach to Canadian investment in China, or to Chinese investment in Canada. On this subject of China, Martin is indeed an extremist, extremely nonchalant.

From the Chinese side, if you click-up the article live-linked in blue at the top of this refWrite blog entry, China View gives us a larger picture and emphasizes other aspects the Going Global industrial policy of the Chinese state in the one-page report "Outward direct investment to increase". The developments specified in our blog entry here, can be found in outline in the text of the page we've cited from China View (part of Xinhua). But the emphasis of the Outward Direct Investment report probably derives (thru this latter state-run news source amidst the severe rise of censorship of news under Hu Jintoa's régime), derives from politically-instructed writers perhaps themselves well aware of and constrained by the political and espionage functions of Chinese corporations in Australia, the USA, and Canada. - Politicarp