I think, especially on China, it's very progressive. It's more progressive than I expected. It mentioned defending human rights and Canadian values, but just saying that is not enough. You need to have a strategy and a plan for how to protect our national interests.
I think it said it wants to protect our national interests, but how will it do that? When we look at all of the pension funds, we're talking about billions of dollars. We have huge investments in China.
The strategy talked about Taiwan. What happens if there are some conflicts or blockages in Taiwan? What's our plan? Is there any contingency plan? Is there any preparation for such a confrontation?
For example, even if there's a crackdown on protests and Canada joins other like-minded countries to sanction China, but then when they sanction China, Chinese stocks go down. Our pensions would go down. That means our policy is hurting our own pensions. We don't want that action to stop. If we're worried about our own pensions and, therefore, no, we are not going to sanction China, that's not a very good situation to be in.
That's why I think in the Indo-Pacific strategy, especially in the China section, there should be a country risk analysis to estimate the cost of loss when there are conflicts.