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willx · 2012-12-08, 00:41

^ There's a lot of things you still don't get. It has nothing to do with armies and it's not racist.

You seem to have some very firm opinions on this topic, so let me say this:

1) Back in the 80's and 90's a lot of businesses were sold to U.S. companies of various kinds. When the economy started getting weaker, these companies pulled out or shut down their Canadian operations. There were guarantees made about keeping the jobs in the country, about amounts they would invest in the future -- the promises were broken and it was bad news for the country. Any foreign company taking over a Canadian company is reviewed by the government.

2) It is NOT just China that has been prevented from buying companies:
Canada blocks MDA transaction: http://www.cbc.ca/news/technology/st.../mdablock.html
Canada blocks Potash transaction: http://www.bloomberg.com/news/2010-1...by-canada.html

3) On top of everything else, China's foreign ownership rules --
http://www.internationalpropertyjour...-property.html

"Basically China doesn't play by the same rules that it expects the rest of the world to" -- is the one of the major arguments.

4) Strategic Reasons: Most countries have strict controls over their domestic agricultural production. Oil is a resource that is likely to be important to a country in the future. If a business is a purely economic one owned not by a sovereign but is profit driven, it will sell to whomever will pay. If in the future oil came to be in short supply -- would a company indirectly owned by the government of China sell to anyone and everyone equally? Or would it sell to China first?

You might not believe this, but I don't have a vested interest in this and frankly if I actually did, it would be to sell assets to China because I'm an investment banker. Selling assets are my job. I'm just trying to inform you of the body of information out there as the matter seems so simple to you but to assume it is so is a disservice to the intellect of these experts and leaders as people with valid viewpoints.

Reply hazy, ask again later

2012-12-08, 00:41	Link #75
willx Nyaaan~~ Join Date: Feb 2006 Age: 40	^ There's a lot of things you still don't get. It has nothing to do with armies and it's not racist. You seem to have some very firm opinions on this topic, so let me say this: 1) Back in the 80's and 90's a lot of businesses were sold to U.S. companies of various kinds. When the economy started getting weaker, these companies pulled out or shut down their Canadian operations. There were guarantees made about keeping the jobs in the country, about amounts they would invest in the future -- the promises were broken and it was bad news for the country. Any foreign company taking over a Canadian company is reviewed by the government. 2) It is NOT just China that has been prevented from buying companies: Canada blocks MDA transaction: http://www.cbc.ca/news/technology/st.../mdablock.html Canada blocks Potash transaction: http://www.bloomberg.com/news/2010-1...by-canada.html 3) On top of everything else, China's foreign ownership rules -- http://www.internationalpropertyjour...-property.html "Basically China doesn't play by the same rules that it expects the rest of the world to" -- is the one of the major arguments. 4) Strategic Reasons: Most countries have strict controls over their domestic agricultural production. Oil is a resource that is likely to be important to a country in the future. If a business is a purely economic one owned not by a sovereign but is profit driven, it will sell to whomever will pay. If in the future oil came to be in short supply -- would a company indirectly owned by the government of China sell to anyone and everyone equally? Or would it sell to China first? You might not believe this, but I don't have a vested interest in this and frankly if I actually did, it would be to sell assets to China because I'm an investment banker. Selling assets are my job. I'm just trying to inform you of the body of information out there as the matter seems so simple to you but to assume it is so is a disservice to the intellect of these experts and leaders as people with valid viewpoints. Reply hazy, ask again later