In the past week, the Global and Mail has been featuring the economic engine that China has become. It’s economy is thriving so much so that Chinese government owned companies like China Minmetals Corp (which had revenues in 2003 of USD$11.7 billion) is currently negotiating to buy outright 100% of the stock of the Canadian mining corporation, Noranda Inc. The total stock is estimated at approximately CDN$6.7 billion.
If the Chinese government can afford to buy Noranda Inc. why hasn’t anyone asked when China will reimburse the overburden Canadian taxpayers of this fair land for the Cdn$65.4 million that has been given to China as foreign aid?
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