The Chinese takeover of Vancouver continues. Late last week it was reported that local ski hill and tourist destination, Grouse Mountain, will be sold to China Minsheng Investment Group, a company with strong ties to the Chinese government and the Communist party.
With the number of deals involving Chinese state controlled or connected companies buying Canadian businesses, some with national security risks ignored by Justin Trudeau and his cabinet, Canadians should be feeling a little uneasy.
By now, Vancouverites are noticing how quickly our city is changing as hundreds of millions of dollars in mainland Chinese money has been parked in our real estate market.
This creates havoc as wages and economic opportunity in the city aren’t keeping up with the increase in housing and rent prices due to this influx of foreign money.
The concern many feel isn’t coming from a bigoted or anti-immigrant place. Rather, many are weary of so much influence coming from mainland China that is deeply connected to the communist dictatorship of Xi Jinping.
There’s a sense of alienation in our own city leaving people wondering Vancouver is essentially becoming a colony for the Chinese 1% to park their money in and inhabit.
Watch as I show you how well connected China Minsheng Investment Group is, and how their chairman recently conceded that it’s natural for Chinese companies to act in line with the Chinese state and the Communist Party.
If pictures speak a thousand words, notice this image on China Minsheng Investment Group’s website showing the committee likely to make the Grouse Mountain purchase. They're not posing with the flag of the People’s Republic of China, but with the flag of the Communist Party of China— Chairman Mao’s flag.
We may as well fly it at the peak of Grouse Mountain should this deal go through.