Industry committee  I don't know about the legalities of it in Canadian law or how you would frame it, but I very much like the idea that we have sanctions against regimes that we find are engaging in activities that are violations of the international rules-based order. We don't deal with North Kor

Industry committee  —a comprehensive assessment.

Industry committee  I think the Chinese state is not likely to be investing in failing Canadian industries and sectors that are not in the geostrategic interests of the state as reflected in their planning process, which is comprehensive and very thorough. I think we have to look at any Chinese inve

Industry committee  It's very difficult to establish an equivalence between Chinese state enterprises or large Chinese government associated enterprises and anything that exists in liberal democratic countries because these enterprises are closely connected to the ministries of the Chinese state tha

Industry committee  The Chinese Communist Party establishes a five-year plan with goals for furtherance of their interests in key strategic sectors, including high technology. Therefore, the industries are involved in acquiring this information either through commercial deals with foreign companies

Industry committee  Yes, I am saying even enterprises that may not identify as Chinese state enterprises—and I mentioned the Huawei company—

Industry committee  That would be my position.

Industry committee  There is a cause for concern that the Government of China would engage in legal action against the Government of Canada if we decide to restrict Chinese state investment in Canada. I believe that is a strong possibility.

Industry committee  I must say that this is not really my area of expertise, but my assumption is that if you have a failing Canadian asset, unless it's going to be viable and profitable, then only states that have a geostrategic interest in acquiring that asset will make the investment. My concern

Industry committee  I presume that any investment that Canada makes abroad is made because we wish to attain profitability, not because we wish to impose a political, non-democratic agenda on the country involved. I'm not suggesting that we should restrict Canadian firms from making investments abro

Industry committee  The Asian Infrastructure Investment Bank is a Chinese-controlled investment bank alternative to the World Bank and the Japanese-dominated Asian Development Bank. It seems primarily to serve the interests of China's geostrategic program of the belt and road. There are no projects

Industry committee  No, I mean state-owned enterprises from authoritarian states. I think in this context the only one that we have concern about at the time is the People's Republic of China.

Industry committee  In terms of China, I think that currently there are studies by the governments, the parliaments, of the U.K., Australia and India, and by the Congress of the United States. They're doing studies comparable to what you're doing. I think it's still too soon to say what the consensu

Industry committee  From China, yes, not from other countries.

Industry committee  The United States yesterday made an announcement. Congress is considering such a thing. Also, there are currently parliamentary hearings in Australia, India and the U.K. on this question.