Beijing accuses Canada of ‘suppressing Chinese companies’

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 92%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Ottawa ordered Chinese state-owned companies to immediately divest their interests in three Canadian critical minerals companies, prompting a backlash from Beijing

Beijing is accusing Canada of “suppressing Chinese companies” by forcing three of its state-controlled corporations to sell their stakes in Canadian critical minerals businesses.

The targeted companies are Sinomine Rare Metals Resources Co., Ltd., Chengze Lithium International Ltd. and Zangge Mining Investment Co., Ltd. They must sell their stakes in Power Metals Corp., Lithium Chile Inc. and Ultra Lithium Inc., respectively. A spokesman for the Chinese government on Thursday accused Canada of exaggerating national security concerns to justify the forced divestments.

Wesley Wark, senior fellow at the Centre for International Governance Innovation, said in an interview that the response from the Chinese is “slightly double-faced,” given its claim that it operates as a fair player in a global market economy.He added that in its totality the tone of the Chinese response was quite moderate and equated to a “pretty gentle slap on the wrist” for Canada.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What about 🇷🇺 companies

😂😂What? Don’t we have Chinese police forces operating in Canada now! If that’s not massive support for the Chinese idk what is.

Our federal government allowed China to open up police stations in Canada!! That's methed up!

Of course they did, look at what happened with Huawei, just followed the US, no proof as the UK reported

Ban tiktok and shut down Chinese companies!

Kettle black

lol

Don't compete

Co-operate

China is a bad world actor- period. It is long overdue that Canada would begin a policy of decoupling.

They are not Chinese companies; they are communist emperor's company.

They essentially are... it comes down to decision. Honestly... it shouldn't come down to a decision... they all shouldn't be allowed.

Who cares. Phuck the CCP. Target their illegal police stations for harrassing of Canadian citizens next.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ottawa orders Chinese companies to exit three Canadian lithium minersOttawa has ordered three Chinese companies to exit three Canadian lithium miners based on alleged threats to national security. Read on. For any kind of information Why? Because they can take it with them? Thank you PierrePoilievre
Source: nationalpost - 🏆 10. / 80 Read more »

Three Chinese companies ordered to divest as Ottawa moves to protect critical mineral industryCanada and its allies are desperately trying to upend China\u0027s dominance in the field and create a more stable and reliable supply chain Finally. TrudeauIsDestroyingCanada fchina
Source: nationalpost - 🏆 10. / 80 Read more »

Ottawa seeks to cut China out of Canadian critical mineral industry - National | Globalnews.caChampagne's order comes less than a week after he said Canada would be limiting the involvement of foreign state-owned companies in the industry.
Source: GlobalNational - 🏆 81. / 51 Read more »

Three Chinese companies ordered to divest as Ottawa moves to protect critical mineral industryCanada and its allies are desperately trying to upend China\u0027s dominance in the field and create a more stable and reliable supply chain
Source: calgaryherald - 🏆 64. / 52 Read more »