Canada’s new Indo-Pacific strategy calls for changes to foreign investment screening as a result of concerns about Chinese state-owned enterprises.
, doesn’t outline specific amendments to the law, but says Canada will act “decisively when investments from state-owned enterprises and other foreign entities threaten our national security.” It’s part of a section on the country’s new approach toward China, which Trudeau’s government describes as an “increasingly disruptive global power” that disregards international rules and norms.
Also this month, police arrested a former Hydro-Quebec employee and charged him with espionage for allegedly obtaining trade secrets for China. The man was a researcher on battery materials. Joly, who characterized herself as pragmatic, said the business community should know the geopolitical risks of dealing with China.
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