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Industry committee With the caveat that I am not an expert on Canadian investment law or on exactly how “net benefit” has been defined over time in Canada, I think it would be well worth looking at that closer and at exactly the requirements that are placed on foreign acquirers. There are many ex
June 15th, 2020Committee meeting
Christopher Balding
Industry committee Those are two specific issues that you raised. I think it's likely less of an issue for Canada because Chinese lenders are not necessarily lending significantly, that I am aware of, in any appreciable amount to either Chinese local governments or major Canadian industrial [Techni
June 15th, 2020Committee meeting
Christopher Balding
Industry committee I would take a slightly more nuanced view but agree in, let's say, general terms. The general priorities that are set by China are laid down relatively regularly, annually, by top leadership, and they have very clear industrial targets. With the foreign exchange rationing that is
June 15th, 2020Committee meeting
Christopher Balding
Industry committee Thank you very much. I will say at the outset that while I am not an expert on Canadian investment law, I believe I have the necessary expertise to speak on the threat of state-owned investment. Ladies and gentlemen of the committee, thank you for giving me this opportunity to
June 15th, 2020Committee meeting
Christopher Balding