China'BOXED

[Gary Oak]

Let little Zetsu believe what he wants to believe. He'll probably grow up one day .

[Anonymous]

Let little Zetsu believe what he wants to believe. He'll probably grow up one day .

There's nothing wrong with Zetsu..



He just has different opinions than you.

[Zetsu]

I can, but I won't do that.



I consider that to be panel abuse.

What do you mean by panel abuse?  I don't see how is it bad to find out if people are trolling under multiple handles.

Absuiong my mod privileges.



Even if it is true Zetsu, why would I check something like that?



Having more than one handle is not a rule violation.

I don't see how is that considered as an abuse of mod privilege, there's nothing wrong seeing if the IP maches as long as you don't post it publicly for everyone to see.  I respect you for being considerate but you don't have to put such high standards on yourself.  But if you don't see it as right I don't want to push you.

[Zetsu]

Let little Zetsu believe what he wants to believe. He'll probably grow up one day .

Aww Polly wants a cracker?

[Anonymous]

What do you mean by panel abuse?  I don't see how is it bad to find out if people are trolling under multiple handles.

Absuiong my mod privileges.



Even if it is true Zetsu, why would I check something like that?



Having more than one handle is not a rule violation.

I don't see how is that considered as an abuse of mod privilege, there's nothing wrong seeing if the IP maches as long as you don't post it publicly for everyone to see.  I respect you for being considerate but you don't have to put such high standards on yourself.  But if you don't see it as right I don't want to push you.

Thanks Zetsu, I will respect everyone's privacy.



If a rule has been broken then and only then will I check IP's.

[Gary Oak]

giving Zetsu information on a Canadian is  FAN QING FU MING but it wouldn't surprise me that you would do such a thing as what you did to Shen Li you know..your friend  after she made you a mod to help while she's indisposed and then you ban her and take over the forum. This is truely a victory against Canadians that I am sure all chinese especially Zetsu are applauding.

[Anonymous]

giving Zetsu information on a Canadian is  FAN QING FU MING but it wouldn't surprise me that you would do such a thing as what you did to Shen Li you know..your friend  after she made you a mod to help while she's indisposed and then you ban her and take over the forum. This is truely a victory against Canadians that I am sure all chinese especially Zetsu are applauding.

http://t3.gstatic.com/images?q=tbn:ANd9GcTJlPlaWjhQ3ov7MTHr91NU1Gsqrjxw8z1yKFEDNFFLLXcDSXvW">

[Anonymous]

I don't think this is good for Canada.



http://www.montrealgazette.com/news/national/Government+approves+CNOOC+Nexen+Petronas+bids/7668195/story.html">http://www.montrealgazette.com/news/nat ... story.html">http://www.montrealgazette.com/news/national/Government+approves+CNOOC+Nexen+Petronas+bids/7668195/story.html

OTTAWA — Canada is open for business and foreign investment — but is not for sale — the Harper government declared Friday in approving CNOOC's $15.1-billion takeover of Nexen, while warning that state-owned enterprise takeovers of oilsands companies will only be permitted on "an exceptional basis only."

 

In announcing its approval of the CNOOC-Nexen transaction, the Conservative government introduced a series of grittier rules for acquisitions of Canadian companies by state-owned enterprises.

 

Ottawa also approved a $6-billion takeover bid by Malaysian national energy company Petronas for Calgary-based natural gas producer Progress Energy Resources.

 

With its decision, the Conservative government signalled it welcomes foreign investment, but state-owned enterprises must answer to a different set of rules and that Canada's natural resources — especially the lucrative oilsands — won't be raided by so-called SOEs that may have interests beyond commercial objectives.

 

The government says new rules for state-owned firms are necessary because it does not want to see Canadian industries — including those in the oilsands and other sectors — transformed from operating on a commercial basis to under the control of a foreign state.

 

"When we say that Canada is open for business, we do not mean that Canada is for sale to foreign governments," Prime Minister Stephen Harper said Friday.

 

"Canadians generally, and investors specifically, should understand that these decisions are not the beginning of a trend, but rather the end of a trend," he added.

 

The Harper government spent months reviewing China National Offshore Oil Corporation's (CNOOC) $15.1-billion proposed takeover of Calgary-based petroleum producer Nexen, and whether the deal offered a "net benefit" to Canada — a broadly defined test under the Investment Canada Act.

 

The takeover bid sparked heated debate, including within the Conservative cabinet and caucus, about how much foreign investment Canada should allow when it comes to strategic natural resources such as oil and gas.

 

As part of the overhaul of its foreign investment rules, the Conservative government introduced a series of stricter new criteria for takeovers by state-owned enterprises such as CNOOC and Petronas.

 

Going forward, foreign takeovers of a Canadian oilsands business by a state-owned firm will be found to be of net benefit "on an exceptional basis only," the government announced.

 

"In light of growing trends, and following the decisions made today, the government of Canada has determined that foreign state control of oilsands development has reached the point at which further such foreign state control would not be of net benefit to Canada," Harper said.

 

"The government's concern and discomfort for some time has been that very quickly a series of large-scale controlling transactions by foreign state-owned companies could rapidly transform this industry from one that is essentially a free-market industry to one that is effectively under control of a foreign government."

 

Moreover, the federal industry minister will now closely examine SOE transactions on three key fronts:

 

- the degree of control or influence a state-owned enterprise would likely exert on the Canadian business being acquired;

 

- the degree of control or influence an SOE would likely exert on the industry in which the Canadian company operates; and

 

- the extent to which a foreign state is likely to exercise control or influence over the SOE acquiring the Canadian business.

 

The federal government is also introducing new measures that will allow the industry minister to extend the timelines for national security reviews, while keeping the net benefit threshold for SOE investments at $330 million in asset value.

 

The current review criteria for foreign investments by private companies will remain in place, as will plans to increase the review threshold to $1 billion over the next four years.

 

"Canadians have not spent years reducing the ownership of sectors of the economy by our own governments, only to see them bought and controlled by foreign governments instead," Harper said.

 

The decision to approve the two takeover bids — especially CNOOC's acquisition of Nexen — will undoubtedly be controversial, including inside the Conservative government.

 

At least a couple of cabinet ministers, as well as a number of other Tories in the wider caucus, were believed to have opposed the acquisition, the largest foreign takeover by a Chinese firm. Some Conservative MPs are worried about letting Chinese state-owned companies acquire such a large stake in Canada's resource sector.

 

Opposition parties had mixed reactions to the decision and new set of investment rules.

 

NDP natural resources critic Peter Julian described it as a "badly botched file," saying it is sad the decision doesn't appear to protect Canadian interests or provide clarity on foreign investment rules.

 

"The reality is what this government is trying to do is sugarcoat a decision that I think many Canadians will find very bitter to swallow," said Julian, during a conference call with reporters.

 

He also criticized the government for not staging public consultations on the decision.

 

The federal Liberals said Friday's announcement is problematic because the Conservatives gave few details of the Nexen takeover, including whether Canada will be able to have increased access to Chinese markets and companies.

 

There doesn't need to be 100 per cent reciprocity, but Canada should receive some level of give from the Chinese, said Liberal MP John McCallum.

 

"I think there should be a number of conditions (on CNOOC) and we don't know what the government has agreed on," McCallum said.

 

The Liberals are also concerned the new rules focusing on the oilsands could almost block other state-owned firms from investing in Canada, when they have the capital Canada needs.

 

Nexen shareholders voted overwhelmingly in September to approve the takeover, along with its 61-per-cent premium on the price of the company's shares.

 

The Conservative government initially blocked the $6-billion Petronas takeover of Progress because the acquisition didn't meet the "net benefit" test under the Investment Canada Act, although Petronas tweaked its proposal to get Friday's federal approval.

 

Opposition parties and some political observers argued that allowing Chinese state-owned companies like CNOOC to acquire a major Canadian energy company — and a valuable stake in the oilsands — would set a dangerous precedent and open the floodgates to more foreign investment that could "nationalize" Canada's natural resources.

 

The Alberta government provided Ottawa a list of conditions it wanted attached to any federal approval of the CNOOC-Nexen transaction. Those conditions reportedly included guarantees that at least half of Nexen's board and management positions would be held by Canadians; for CNOOC to maintain current staffing levels for at least five years; and a commitment to maintain planned capital spending.

 

As part of the proposed acquisition, CNOOC promised to make Calgary its North and Central American headquarters, retain Nexen's current management team and employees, and list CNOOC shares on the Toronto Stock Exchange.

 

Excluding the initial Petronas rejection, only two proposed foreign takeovers have been blocked since the Investment Canada Act was introduced in 1985 — both by the Conservative government amid heavy political pressure.

 

The first involved the proposed takeover of satellite producer MacDonald, Dettwiler and Associates Ltd.'s space division in 2008, and the second involved Australian giant BHP Billiton Ltd.'s attempt to buy Saskatchewan's Potash Corp. in 2010





Read more: http://www.canada.com/Government+approves+CNOOC+Nexen+Petronas+Progress+takeover+bids/7668195/story.html#ixzz2EQPXyWoT">http://www.canada.com/Government+approv ... z2EQPXyWoT">http://www.canada.com/Government+approves+CNOOC+Nexen+Petronas+Progress+takeover+bids/7668195/story.html#ixzz2EQPXyWoT

[Romero]

I don't think so either. There's nothing wrong with foreign investment and ownership, but this is basically selling off our companies and resources to foreign governments. Where's the free market capitalism? State-owned companies are socialist.



We privatized successful and profitable Petro-Canada only to end up giving a helping hand to these foreign, socialist, nationalized government-owned enterprises. Hey, let's just bring Petro-Can back and we'll let it start buying up their stuff.



People will say that we need the money and jobs. Well, Canada is more than capable of making even more money and jobs with our resources. Our oil is like gold right now and it's only becoming more precious. We should be calling the shots and we should be reaping the benefits.

[Obvious Li]

once again, Stephan Harper, the greatest PM in canadian history, got it just right.....he seems to do a lot of that for a guy with a 'hidden agenda".....fucking silly leftards

[Laughing Out Loud]

This is just horrible for Canada. China will not be happy until they own this country lock, stock and barrel.

[Obvious Li]

I don't think so either. There's nothing wrong with foreign investment and ownership, but this is basically selling off our companies and resources to foreign governments. Where's the free market capitalism? State-owned companies are socialist.



We privatized successful and profitable Petro-Canada only to end up giving a helping hand to these foreign, socialist, nationalized government-owned enterprises. Hey, let's just bring Petro-Can back and we'll let it start buying up their stuff.



People will say that we need the money and jobs. Well, Canada is more than capable of making even more money and jobs with our resources. Our oil is like gold right now and it's only becoming more precious. We should be calling the shots and we should be reaping the benefits.

We need $600 billion of investment in the oilsands and we are not going to raise that domestically. Hence, foreign investment.

sorry SL.......you were out by a zero.....but your premise is right...we need massive amounts of foreign capital to develop canada's main growth engine for the next 50 years...the Nexen deal is peanuts.....

[Anonymous]

once again, Stephan Harper, the greatest PM in canadian history, got it just right.....he seems to do a lot of that for a guy with a 'hidden agenda".....fucking silly leftards

I don't trust China, so I am opposed to the sale of Nexen to CNOOC.

[Laughing Out Loud]

I think we all knew this decision was coming, but we should still show our outrage.

[Gary Oak]

If one reads the book   Gold Warriors  by Sterling Seagrave  it details how Japan actually was able to keep the gold that it looted in war of liberation Japan had to pay off the Americans with billions of dollars and with the help of the Americans it was able to bullshiite the world into believing that Japan was broke and the Americans had an ally against communism and billions to use for black projects. There are other books covering this topic but that is the one that I read. Japan had to endure a three year occupation and then they got to enjoy the spoils of their robberies boosting their economy into being the second largest in the world for decades and they didn't even have to pay any war reparations.[ though admittedly the under the table deal with the Americans was a massive reparation payment ]



     It is also interesting that all over China Japan had study groups that were actually on the sly searching for where the wealth was much like all over Canada now China has restaraunts,stores etc... in every town no matter how remote keeping the towns under surveillance. China is doing this all over the world as well.