Where Did the Chinese Government Make its Largest Investment in the World?  Canada of Course and B.C. Mining Giant Teck Resources Ltd. 

© 2010 Brad Kempo B.A. LL.B.

Barrister & Solicitor  

 

China now has $2.58 trillion (see chart below) and will continue to acquire more vast sums with which to buy, bribe, seduce and lend its way, dominos style, to a global presence that threatens the gains made by democracy, rule of law and human rights in the 20th century.  By sharp contrast every single industrial nation in the world is drowning in massive debt and exacerbated by the 2008-09 global financial crisis.  This circumstance is a strategic advantage to totalitarian imperialism.

 

The Beijing leadership’s sovereign wealth fund is one of the vehicles by which global expansionism is being effected.  Thus whenever there’s a mammoth investment in Canada there should be serious concern because the ‘Chinada High Command’ continues to generate and extract revenue from the country’s economy with the complicity of triangle of power and wealth operators to fund its unlawful Soviet-style adventure – a violation of The Security of Information Act, which attracts a life sentence pursuant to s. 20(3).  

 

 

China builds stakes in Canadian mining companies

Andy Hoffman

Globe & Mail

February 10, 2010   

 

China Investment Corp., the Asian economic superpower's hulking $200-billion (U.S.) sovereign wealth fund, has been quietly accumulating stakes in resource firms including Canada's Kinross Gold Corp. and Potash Corp. of Saskatchewan, according to a filing with securities regulators. 

 

CIC, whose chairman is former Communist Party of China insider Lou Jiwei, has spent billions of dollars on mining and energy related investments, the filing with the U.S. Securities and Exchange Commission reveals. China is the world's largest commodity buyer and part of the fund's mandate is to invest directly in materials producers to offset China's costs.  

 

The regulatory disclosure also shows that CIC has turned an impressive profit on the $1.5-billion it invested in debt-laden Teck Resources Ltd. last July.  

 

The filing shows that the stake in the Vancouver base-metals miner was worth $3.5-billion by the end of 2009, making it CIC's largest single equity holding.

 

 

China's Net Wealth

 

February 2010

A. Official reserve assets

258,230.99

(1) Foreign currency reserves (in convertible foreign currencies)

 

247,564.99

Source: http://www.imf.org/external/np/sta/ir/hkg/eng/curhkg.htm

 

 

 

 

 

 

 

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