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6 mo. ago

  • This.

    The so-called 'de-risking' was invented particularly for China, now we can apply it also to the US.

  • ...and not the Chinese economy.

  • Canada built more than 3 million cars in 1999, now it builds 1.3 million. As many other Western countries, it must and will 're-industrialize' as geopolitical tensions can't be expected to ease, not with the US nor with long-standing dictatorships like China and Russia.

  • I am not a legal expert, but whataboutism is certainly irrelevant.

    Russia started an illegal invasion of Ukraine, and it has been deliberately attacking and destroyed civilian infrastructure in Ukraine worth of hundreds of billions. Russia is responsible for this and it will have to pay.

  • It was Russia that started this war and it must be clear that it will have to pay for the destruction it has caused. That's justice.

  • Proceeds refers to the interest rates the Russian assets earned by those assets (such as government bonds and other fixed income investments), while seizure of the assets would mean the assets (such as government bonds) would be transferred to Ukraine.

    For now, Russian assets are frozen, meaning Russia can't access them, and only the proceeds are used for Ukraine's reconstruction and defence. But the assets are still Russia's, they just can't access it.

  • it's not legal

    This is not true. Most legal experts say it is perfectly possible to seize Russian assets.

    It was Russia that started this war and it must be clear that it will have to pay for the destruction it has caused.

  • What the EU decided against it for now was to seizure Russian assets as far as I understand. Here - as well as many other funding processes for Ukraine - the grant for Ukraine is funded by the proceeds of Russian assets.

    There are many Western officials and experts, however, who have been calling for the seizure. I hope this will be done soon. I must be clear that Russia will have to pay to the destruction it has caused.

  • Yeah, but OP's only interest is a 'Canada bad' post. A misleading but bold headline is perfect for their propaganda despite the content being a nothing burger.

  • From this comment, one can easily infer that you didn't even read the headline.

  • World News @quokk.au

    Japan and Canada Sign $700M Grant Deal with Ukraine Backed by Frozen Russian Assets

    www.kyivpost.com /post/69612
  • Canada @lemmy.ca

    Japan and Canada Sign $700M Grant Deal with Ukraine Backed by Frozen Russian Assets

    www.kyivpost.com /post/69612
  • Europe @lemmy.dbzer0.com

    Japan and Canada Sign $700M Grant Deal with Ukraine Backed by Frozen Russian Assets

    www.kyivpost.com /post/69612
  • World News @quokk.au

    South Korean firms eye Canadian auto, battery, hydrogen and marine investments amid submarine bid

    shopmetaltech.com /automotive/south-korean-firms-eye-canadian-auto-battery-hydrogen-and-marine-investments-amid-submarine-bid/
  • As an addition a report by the Korean newspaper Koran JoonAng Daliy:

    Helping Canada's car sector would be 'good place to start' in submarine bid: Ottawa's defense procurement chief - [Archived link]

    Canada's top point man on defense procurement has proposed that Korea offer measures to support Ottawa's faltering auto industry as part of a package deal to clinch Canada's landmark naval submarine project, stressing that auto will be a "good place to start."

    Stephen Fuhr, Canada's secretary of state for defense procurement, made the remarks as he recently visited Korea just weeks ahead of the deadline early next month to submit the proposal for the Canadian Patrol Submarine Project, valued at around 60 trillion won ($41 billion).

  • Canada @lemmy.ca

    South Korean firms eye Canadian auto, battery, hydrogen and marine investments amid submarine bid

    shopmetaltech.com /automotive/south-korean-firms-eye-canadian-auto-battery-hydrogen-and-marine-investments-amid-submarine-bid/
  • Europe @lemmy.dbzer0.com

    Canada’s 10x funding increase to the European Space Agency builds bridges across the Atlantic and the solar system

    www.canadaxeurope.com /p/canadas-10x-funding-increase-to-the
  • The latest information I could find about it is from October 2024. The Ministry of Foreign Affairs wrote back then,

    Approximately 100 Canadians are detained in China at any given time on a broad range of offences, ranging from basic infractions (e.g. immigration violations) to more serious charges such as drug trafficking and fraud.

    No country except the US has more of its citizens detained in China than Canada.

    As an addition: There is an interesting comment by Michael Kovrig from July 2025 when China Secretly Executed Four Canadians.

    How Beijing uses the death penalty as diplomatic leverage.

  • there can be local supply chains in Canada that are created out of these investments

    I don't think so.

    Chinese companies bring their own migrant workers - who then work under slave-like conditions as we have seen in Brazil's BYD plant last year, to name a recent example.

    And they also have fully integrated supply chains, meaning they purchase their parts from Chinese suppliers.

    The only thing it does is to create hurdles for Canada to rebuild its own car industry.

    If Canada want to really create supply chains, it must create ventures with European, Japanese, South Korean producers.

  • This rage bait would have a much larger impact if it was not in fact 2 stories above another story about Canada building Chinese EV's to export to the rest of the world.

    This is a false assumption.

    If if Chinese subsidiaries in Canada would built cars (for export or the domestic markets), Canada and Canadians wouldn't benefit much. Chinese companies bring their own migrant workers - who then work under slave-like conditions as we have seen in Brazil's BYD plant last year, to name a recent example.

    And they also have fully integrated supply chains, meaning they purchase their parts from Chinese suppliers.

    The only thing it does is to create hurdles for Canada to rebuild its own car industry.

  • For the US that may be true in the long term as its the only direct neighbour.

    For China it's not true. As I said, less than 4% of Canadian exports go to China, and 12% of its imports come from China.

    At the same time, democratic countries which share similar values play a minimal role so far. The UK has a similar relevance like China as an export partner, but EU members' shares in both exports and imports are mostly 1% or lower. There is a huge potential, and it would help Canada's economy and independence if and when it strengthens its ties with these countries.

    China isn't a necessity, and it's not a reliable partner as we have seen so often in the past. Las year Carney himself declared China as "Canada's biggest security threat." He should act accordingly.

  • Yeah, it must feel good to wake up in the morning as a tankie and know the ultimate truth about everything and how to explain it to us simpletons.

  • Is this why they ban all foreign media in China?