#AeconGroupInc; #Canada, #LuShaye, #China, #CCCC; #JustinTrudeau #ChinaCommunicationsConstructionCompany,
Ottawa, May 30 (Canadian-Media): China had been accusing the federal Liberals of their discriminatory decision to block the takeover of the Canadian construction giant, Aecon, by China Communications Construction Company, a state-owned enterprise, media reports said.
Lu Shaye. Image credit: Facebook page
China’s Ambassador to Canada Lu Shaye said “Canada’s rejection of Aecon shows that Chinese enterprises are suffering from unfair treatment – and it’s not the first time...Only by getting rid of such kinds of demons can Canada relieve the burden, co-operate with China and come aboard the express train of China’s development.”
Calling on Canada to get rid of such ”demons” of prejudice against his country, Lu cited threats to sovereignty in rejecting the $1.5-billion sale of Toronto’s Aecon Group Inc. to China Communications Construction Company (CCCC).
Lu further clarified that he did not threaten retaliation against Canada but the decision is likely to cause a rift with China in their exploration of free-trade talks and deeper economic ties.
Intelligence officials in both Canada and the U.S. had warned lawmakers about the risks associated with companies that are owned in part, or in full, by the Chinese government and added that these
companies not only seek profit; rather, they often pass on information and technology to Beijing.
Canada's Prime Minister Justin Trudeau said his cabinet vetoed a Chinese takeover of Aecon because of concerns it could control critical infrastructure projects and threaten Canadian sovereignty.
Justin Trudeau. Image credit: Facebook page
(Reporting by Asha Bajaj)