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Chinese moves in North America.(Insider Report)
Washington is increasingly relying on China to help underwrite our ever-enlarging budget and trade deficits. China, on the other hand, is using its huge trade surplus to fund economic expansion, particularly by acquiring natural resources necessary to fuel its manufacturing sector.
On September 24, China's government-owned Minmetals Corp. announced it was in negotiations to buy out Noranda Inc., Canada's oldest and largest mining firm. The $6 billion deal would also include Noranda's 60 percent control over Falconbridge, Canada's third-largest mining firm. In addition, reported the October 21 Toronto Globe and Mail, "it is known that two of China's biggest state-controlled oil companies are considering major investments in Alberta's oil sands. In other potential billion-dollar deals, Chinese oil and mining companies are looking at lucrative assets held by Canadian companies in Ecuador and Mongolia."
Seeking to placate Canadian critics of Beijing, Chinese foreign minister Li Zhaoxing told the Globe: "In the international arena, we act in accordance with international law.... We will act in accordance with the rules of the World Trade ...
- China, Canada agree on pragmatic cooperation.
- News wire article from: PTI - The Press Trust of India Ltd. April 30, 2007 700+ words
China, Canada agree on pragmatic cooperation Beijing, Apr 30 (PTI) China and Canada today agreed to promote pragmatic...Chinese Foreign Ministry as saying. China will work with Canada to deepen cooperation in various...
- China : Canada's energy sector open for China.
- News wire article from: TendersInfo August 11, 2009 700+ words
...that we have with Investment Canada." China has recently expressed concern...establishing a presence in Canada's energy sector. "China has a great need for natural...more Chinese investment into Canada. While China has been making deals with...
- China-Canada oil deal a security issue?
- News wire article from: UPI Energy Resources September 2, 2009 700+ words
...attention to the value of Canada's oil sands but is...sands projects. It is China's largest venture in...cannot be ignored by China, said analyst Lanny...chairwoman of the U.S.-China Economic and Security...for the government of Canada and for the government...
- CHINA: CANADA SEEKS TO EXPORT HIGH-TECH COMPANIES TO CHINA.
- Newspaper article from: IPR Strategic Business Information Database March 16, 2006 700+ words
...Industry Canada, at the Canada Innovation and Technology...asked to comment on China's IT market. It...such judgment that Canada is holding the technology...Shanghai to showcase Canada's advanced information...tech companies to China.
- CHINA, CANADA SIGN COOPERATIVE MEMORANDUMS ON FOUR PROJECTS.
- News wire article from: AsiaPulse News January 10, 2003 700+ words
...BEIJING, Jan 10 Asia Pulse - China and Canada yesterday signed memorandums...Economic Cooperation, the China-Canada development cooperation, launched...reform and poverty relief. Canada has cooperated with China on 91 development projects...
- CHINA: CANADA EMBRACES CHINESE INVESTMENT IN ENERGY SECTOR.
- Newspaper article from: IPR Strategic Business Information Database July 20, 2005 700+ words
...Jim Peterson said Canada welcomed investment from China in energy and natural...against the view that China was seeking to control...Chinese investment in Canada's resources was...welcoming stance of Canada, the recent attempt by China's CNOOC to buy...
- CHINA, CANADA SIGN AGREEMENTS ON AGRICULTURAL COOPERATION.
- News wire article from: AsiaPulse News April 30, 2004 700+ words
...BEIJING, April 30 Asia Pulse - China and Canada have signed two project agreements...Assistant Minister of Commerce of China Yi Xiaozhun. The assistance will...US$29.85 million). Since China and Canada started the development cooperation...
- CHINA: CANADA, CHINA COOPERATE IN MUTUAL FUNDS.(Bank of Montreal and Fullgoal...
- Newspaper article from: IPR Strategic Business Information Database February 14, 2001 700+ words
...February 13, 2001), Canada's Bank of Montreal...Management Company Ltd. of China signed a co-operation...Beijing Tuesday to develop China's potential in the...Downe, signed the deal. Canada's Prime Minister Jean...mutual fund products in China, introduce Chinese mutual...