Vancouver, B.C. – January 21, 2011 – Canada needs to beef up its foreign investment review process in order to better deal with the growing investment interests from Chinese state-owned enterprises. This is a key message from author Pascale Massot in the latest Canada-Asia Agenda released today by the Asia Pacific Foundation of Canada.
Pascale Massot, a doctoral student from the University of British Columbia, assesses the continued growth of Chinese state investments, most recently highlighted by yesterday's opening of the first foreign office of China Investment Corporation, a $300B sovereign wealth fund, in Toronto. She suggests that lessons can be learnt from the failed BHP Billiton bid for Potash Corp., an incident that drew heightened attention because of the potential involvement of a Chinese state-owned enterprise. The saga raised questions about the challenges and potential impacts of Chinese state investments in Canada.
The Canada-Asia Agenda is a peer-reviewed monthly publication that provides timely commentary on issues affecting Canada’s involvement with Asia.
The full report can be viewed here.
About APF Canada
The Asia Pacific Foundation is an independent resource for Canadians on contemporary Asia and Canada-Asia relations. As a national not-for-profit organization established by an Act of the Federal Parliament in 1984, the Foundation brings together people and knowledge to provide the most current and comprehensive research, analysis and information on Asia and on Canada's transpacific relations. It promotes dialogue on economic, security, political and social issues, helping to inform public policy, the Canadian public and Canada’s Asia practitioners. The Foundation is funded principally through an endowment from the Government of Canada and by corporate and individual donors.
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Asia Pacific Foundation of Canada