Stay home and save us some money, I'm sick of these paid holidays.

Chinese "investment" in BC is funded from a loan from a Canadian bank, which is unsecured except for a mortgage or other lien on the Canadian assets acquired.

But a British Columbian's investment in BC, funded the same way through the same Canadian bank, is not only secured the same way, but also likely involves a further lien on everything the borrower possesses (except in the case of large corporate entities, where the concept of 'limited liability' in regards to bank financing still holds true).

So what, really, does the Chinese "investor" have to lose?

And if the Chinese "investor" is the Chinese "government", or some agency thereof, (China being still a communist regime), then OUR banks put up OUR money for the Chinese "investor" to develop OUR resources for Chinese to acquire them for, essentially, nothing. That's if we're to believe the myth that our Banks would still have us believe, that they're actually lending their depositors money ~ OUR money ~ whenever they make a loan.

Oh, lets not forget, we do get (a few) "jobs" out of the deal. From which the few who have them MAY be able to afford to acquire a few of the products of those resources for themselves. But more likely than not will still have to go further into debt themselves first to do so.

Scary.
I was once told by the Chairman of the Board for a major overseas shipping company that I worked for,that dealing with the chinese was an art form in itself.
He said that if they decide to sign a deal,they probably got the better of you.
Sending amatures to deal with them is dangerous and costly,and you better be sending your best!
"Never take them lightly",he said, "paricularly when they are smiling at you!"

If they were twice as conniving as we are it still wouldn't be too conniving: They have to look after the interests of FORTY times as many people as we have, on about the same area of land as Canada!

It's simply survival of the fittest in action!

Get used to it!

I'm really surprised that the Chinese have enough water to drink and flush their toilets! Here we have hundreds of thousands of lakes, the Great Lakes, some of the largest rivers and one-third of all the fresh water in the world and we are being told daily (by our politicians) that we are already running out of water and that we can not put a sprinkler on the law without feeling like a common criminal.

Our water rates are increased twice a year! What a racket! You would think we are living in a desert!

Please ask the Chinese for advice when you arrive there!

...on the "lawn"...that little grassy area in front of the house! It's maddening.

No direct flights from Prince George to China, so I guess as usual we will have to fly to Vancouver, and then a direct flight to China, or maybe go over Anchorage, good thing that Vancouver, and Anchorage exist or we would have to go to Seattle or San Francisco, or go by boat.

Have a nice day.

But we'll never run out of water once they've got us all on meters, and they can exact payment for every drop that registers on them.

Interesting how this "water shortage" has become a world wide phenomenon in every developed country all at once.

The good people of Auckland, New Zealand, were so convinced by their politicos that they needed to have water meters to 'conserve' this precious resource they took their message straight to heart once their new meters were installed.

A great many invested in cisterns, and diverted the downspouts from their eavestroughths into them. To use for watering the lawn, or garden, or washing the car, etc. After all, rainwater is supposed to be free, or so they thought.

Metered water usage plummeted, and so did the expected revenues. So the powers-that-be sent the assessor around, and levied an additional tax on every place that had a cistern. Another example of a tax grab by governments to cover up their unwillingness to look at whether the "money-figures" of finance they deal with are actually reflecting the reality they're supposed to be able to.

A don't forget to bring the pony and dog.

How about stop going there for the visit and start bringing back contracts.

CSIS watching these guys? Never can tell.

Good post Socred. Great points. I think the argument can be extended though to globalized corpocracy as a whole. The biggest threat facing the world today. The Chinese communist are essentailly a large corporation as well it could be argued.