Aecon Takeover: Time for Canada to Set Policy on Chinese Investment

Half a year into the federal government’s review of the takeover of Aecon by a Chinese state-owned construction firm, the implications for business and the global world order loom larger than ever.
Aecon Takeover: Time for Canada to Set Policy on Chinese Investment
The Site C Dam location is seen along the Peace River in Fort St. John, B.C., on April 18, 2017. A partnership led by Aecon Group Inc. has been chosen as the preferred proponent by B.C. Hydro for a Site C generating station and spillways civil works contract. The Canadian Press/Jonathan Hayward
Rahul Vaidyanath
Updated:
Half a year into the federal government’s review of the takeover of Aecon by a Chinese state-owned construction firm, the implications for business and the global world order loom larger than ever.
Canada is desperate to attract foreign capital to revitalize its infrastructure, and the Liberal government wants to do more business with China, including potentially a free trade agreement. But the Canadian situation should differ from a number of less developed countries that can’t say no to Beijing’s deep pockets for infrastructure support. And this requires the right policy that provides clarity to business and defines Canada’s relationship with China.
Rahul Vaidyanath
Rahul Vaidyanath
Journalist
Rahul Vaidyanath is a journalist with The Epoch Times in Ottawa. His areas of expertise include the economy, financial markets, China, and national defence and security. He has worked for the Bank of Canada, Canada Mortgage and Housing Corp., and investment banks in Toronto, New York, and Los Angeles.
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