You didn't think that China would send us all their cheap goods for nothing in return did you? ;) The Dollar is not the payment. What you get for redeeming those dollars is the payment. And the Chinks want our real estate, they want to own shares in our businesses. I had no idea that our Chink overlords (ie. Tencent) had shares in so many American companies. And I imagine Canadian ones too.
If Canada placed restrictions on Chinese foreign investment, the Canadian Dollar would tank because we don't have the manufacturing to produce our own stuff. It takes time to build factories, re-purpose abandoned warehouses, etc.
You didn't think that China would send us all their cheap goods for nothing in return did you? ;) The Dollar is not the payment. What you get for redeeming those dollars is the payment. And the Chinks want our real estate, they want to own shares in our businesses. I had no idea that our Chink overlords had shares in so many American companies. And I imagine Canadian ones too.
If Canada placed restrictions on Chinese foreign investment, the Canadian Dollar would tank because we don't have the manufacturing to produce our own stuff. It takes time to build factories, re-purpose abandoned warehouses, etc.