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Chinese SOE Woes in Australia a Warning for Canada

A brief review of Chinese SOE activity in Australia highlights the potentially undesirable implications for Canada.
Chinese SOE Woes in Australia a Warning for Canada
File photo of the pit at Citic Pacific Mining’s Sino Iron magnetite iron ore project in Western Australia. The project is yet another black eye for Chinese state-owned enterprises due to cost overruns, poor management, and lack of due diligence. Amy Coopes/AFP/Getty Images
Rahul Vaidyanath
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Canada should be well acquainted with the can of worms created when Chinese state-owned enterprises (SOEs) purchase Canadian assets after the debacle that was the Nexen takeover by CNOOC in 2012. Unfortunately, more Chinese SOE involvement in Canada would be a consequence of greater ties such as a free trade agreement.
As the Liberals continue to negotiate with the communist regime on trade and as Chinese construction firm CCCI’s takeover of Aecon undergoes examination, reviewing Chinese SOE activity in Australia highlights the potentially undesirable implications for Canada.

Debacle Down Under

The poor results in Australia by Chinese SOEs stem from the communist regime’s use of government control, which runs contrary to established business practices in the developed world. This behaviour has proven to be deceitful toward the authorities, unfair toward workers, and harmful to the environment.
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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