The Trudeau Liberals will be reversing a Harper-era cabinet order that would have prevented a Chinese electronics company from completing a take-over of a Montreal based electronics company called ITF Technologies.
The Chinese firm O-Net Communications is Hong Kong based, but over 25% of its ownership is held by a subsidiary of the Chinese State run China Electronics Corporation. That’s likely the factor that led to the then Conservative government in July 2015, to order an “unwinding” of the proposed deal just five months after the deal had originally been approved.
At the time, the Tories justification for nixing the deal was centred around the fact it “would be injurious to national security”.
You may recall another incident with the Chinese State owned oil company CNOOC Limited completing a takeover of Canadian energy company Nexen. At that time that Prime Minister Harper vowed to end the trend of state owned firms buying up companies in our oil sands.
So that leaves us with the decision of the current Trudeau government to reverse the Harper government order, but why?
Watch as I explain what I see as a very worrying trend with this current government.
Chinese state influence is growing by the day in our country. If it's not fancy fundraisers with Chinese millionaires attended by the Prime Minister, it's the influx of Mainland Chinese capital into our real estate markets that is wreaking havoc.
All this results in the ceding of Canadian sovereignty little by little, and eventually, Chinese Warships are entering Canadian ports or we’re raising the Communist Chinese Flag at Vancouver City Hall, then accusing anyone who is uncomfortable with these events of being racist xenophobes.
The time has come to take a strong stand against China with Trump set to enter office. But, if there’s anything Canadians have learned about our Globalist Prime Minister, it’s that he feels he needs to be a counter balance to Trump so I predict Canada will actually look to closer ties with Communist China.
That is something that will no doubt have Beijing singing the praises of Little Potato as they eat away at Canadian sovereignty.