This week, the Trudeau government approved the sale of a majority stake in a BC retirement home company worth over a billion dollars to a subsidiary of China’s Anbang Insurance Group.
Anbang has been described as having a “murky ownership structure.” A potential deal for Anbang to buy Fidelity & Guaranty Life Insurance has faced roadblocks by the New York Department of Financial Services due to a lack of transparancy about Anbang’s ownership.
Yet when it comes to allowing such a company to make a $1 billion investment in Canada’s health care industry Trudeau’s Liberals are happy to approve the deal — all despite pleas from seniors groups and both the Conservative and NDP.
And even more bizarre was Justin Trudeau’s explanation of why he approved the deal yesterday during Question Period. WATCH and see what I mean.
While most of the western world is talking about Russia these days, it's clear to me that China and Xi Jinping are actually positioning themselves to eclipse Russia as the world's second most powerful country.
As conservatives, we must be wary of entering into any free trade deals with Communist China; as Maxime Bernier has suggested, that kind of agreement is another invitation for Chinese soft power to continue flowing into Canada.