China’s not buying our oil; it’s buying the reliable flow of Canadian corporate profits and our stable economic outlook.
Is it a national security risk to Canada?
No, again. It is true that, according to CSIS, the Chinese government represents the largest espionage threat to Canada, stealing the equivalent of $1-billion a month from our country in industrial secrets. (That’s more than our annual exports to China.)
But that espionage is done illegally by Chinese students, expats and other sympathizers, not through the legal ownership of share certificates. No doubt our high-tech energy secrets are being stolen and will continue to be stolen, but that is not happening because of a Wall Street deal. The central strategic value of the oil sands is not at risk.
Ezra Levant, “Pipeline to Asia”, National Post, 2010-04-15
April 15, 2010
QotD: Chinese espionage in Canada
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