Vive Le Canada

China Creating Conpany To Invest US 1 TRILLION

Posted on Friday, March 09 at 16:32 by Diogenes
"We can achieve more profit from the investments," Jin said at a news conference. "We are now preparing the organization of this new corporation." Analysts have speculated for some time that China would create an investment company, and officials have said repeatedly they want to make better use of the country's reserves. Economists have suggested Beijing might allocate as much as US$200-400 billion (€150-300 billion) to the new company, which in a single move could create one of the world's richest investment funds. "They want to be more aggressive than what they do with current reserves," said economist Mingchun Sun at Lehman Brothers in Hong Kong. http://www.iht.com/articles/ap/2007/03/09/business/AS-FIN-China-Foreign-Reserves.php

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  1. by boflaade
    Sat Mar 10, 2007 2:22 am
    One may wonder if the "Bonds" are to be spent while still having value. Chrysler may or may not be up for sale and it would be ironical if China gives them the excess capital to buy it. A worthless American company bought by worthless American capital. Both from the archives.

    ---
    Expect little from life and get more from it.

  2. by Ed Deak
    Sat Mar 10, 2007 8:32 pm
    Just watch them coming to Canada to buy up and control our resources and economy, with that worthless, toy money, as the we're still the suckers who accept it and sell our children's lives for it. While our politicians and economists swoon with happiness over the great "windfall" that comes our way.

    We can bet that we shall be the first targets.

    Ed Deak.

  3. by h.f. wolff
    Sat Mar 10, 2007 8:57 pm
    The beauty of natural resources is that the owner cannot take them offshore. BTW property 'ownership' is not absolute in Canada. I believe that title rests with the crown. Not sure what the implications of this may be.

    If push comes to shove and the resources are required within Canada, they can always be nationalized.

    As to NAFTA 'forcing' Canadians to export resources to the USA, how many people are aware that this agreement can be cancelled with 6 months' notice? If it doesn't serve our purpose anymore, cancel it!

    Of course that would take politicians with guts who will stand up to external powers in the interest of all Canadians, and not just screw Joe Q. Public within.

    H.F. Wolff

  4. by boflaade
    Sat Mar 10, 2007 9:03 pm
    "Just watch them coming to Canada to buy up and control our resources and economy, with that worthless, toy money,.."

    Perhaps not, because they would have to buy it from the Americans who are already the majority shareholder in Canada. The Americans are most aware of the value of those bonds. What Americans don't own in Canada, will be received as a gift, from Harper.

    ---
    Expect little from life and get more from it.

  5. by boflaade
    Sat Mar 10, 2007 9:13 pm
    There is a lot that can be done, but it is what isn't being done, that is the concern. There are many deals in Canada that are not covered by NAFTA. Canadians complain about the rotten deals made with the Americans. It takes both sides to come up with the agreement. We are the ones responsible for NAFTA. As you pointed out, we can cancel at anytime. We won't.

    ---
    Expect little from life and get more from it.



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