CHINA’S RULE OF FUNNY LAW 8/1/2017

Posted by Willard Anderson on August 1st, 2017.

CHINA’S RULES OF FUNNY LAW JULY 2017

Should Canada sell off defence, security, airports, technology to China to woo a free trade agreement. First there is no free trade in China. This dictator is becoming more vicious and has his targets on the world.

In data gathering there are two main problems arising in China.
1. They expect companies operating in China to hold their data on the cloud within China.
2. They will regulate companies that want to export data to other parts of the worlds to get a permit to do so before they can export data.

“China is rejigging its laws to keep data inside China”. China laws are “over broad and mischievously vague”. “Foreign technology firms fret they will be forced to divulge intellectual property to government inspectors, … that such secrets will not be passed on to local rivals .. with no guarantees. — The new law may be a Trojan horse designed to promote China’s aggressive policy of indigenous innovation.” stated in “Going Its Own Way”, The Economist. June 3, 2017. pp 60-61. China is buying up land in Africa which Africa needs to feed it’s millions. China is no friend of Africa. China no doubt has its eye on Canada’s prairie lands. And Saskatchewan just stopped the sale of Potash Corp to China which in a legal dispute through the WTO would then cede Potash Corp to China.
It is ludicrous to think that one can woo a free trade agreement by selling off companies to China that we use for our security. Is Trudeau’s thoughtfulness on what is free trade getting in the way or is a corporation about to make huge windfall profits? We can learn from Vancouver where foreign money drove up house prices. If we sell off a high tech company we will be buying back product at highly inflated prices and higher profits will go to the new owner.

We know from experience that selling off our large corporations nets the profits to a foreign country. After all Exxon netted a $40 billion profit for two years, much of it from Alberta’s oil wealth while Alberta got a $2.00 a barrel royalty making it a laughing stock. Alberta also today has a huge debt unlike the experience in Norway which has a multi billion dollar heritage investment fund. Who does capitalism benefit?

Free trade has its limitations when the other country does not play by the same rules. Do not be fooled that a county of thirty million can control rule of law in a country of one billion people. Trump as well is now devising his own rules, will we never learn? It strikes me that we may have to redefine what it means to be a real Canadian.

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