Mr. Speaker, there are other development banks that Canada already participates in, but this one is specifically used by China to extend its influence in the region.
China's military budget rose 5% last year to $250 billion. Now its space program is worth $8.4 billion. While the Parliamentary Budget Officer has indicated that important infrastructure projects are not getting built in Canada, the leader of the Liberal Party has sent $256 million to the Asian Infrastructure Investment Bank, a bank that helps exert influence by China in the region.
Why is the Prime Minister funding infrastructure projects in other countries?