The acquisition of Canadian construction giant Aecon by CCCI, a Chinese State-owned enterprise, is being reviewed under the Investment Canada Act and a decision is imminent.
This is not just any corporate takeover. As MLI Munk Senior Fellow Duanjie Chen has written, “CCCI’s acquisition of Aecon is undoubtedly motivated by Beijing’s aspirations for a more dominant global role and backed by its government’s financial power”.
What are the stakes? What are the risks and opportunities for Canada, and how should our government approach a growing presence by Chinese state-owned enterprises?
Hosted by Brian Lee Crowley, and moderated by Munk Senior Fellow for Foreign Policy Shuvaloy Majumdar,
To answer these questions, MLI’s event “Dragon with a Chequebook: Aecon, China and the Challenges to Canada’s Foreign Investment Strategy” brought together some of the leading thinkers on the economic and security implications of closer ties with China to tackle these difficult questions.
- Duanjie Chen, MLI Munk Senior Fellow, an economist and expert on Chinese State-owned enterprises
- Ward Elcock, former Director of the Canadian Security Intelligence Service
- Charles Burton, former Canadian diplomat who served in China and associate professor of political science at Brock University
A few photos of the event can be seen below. Our photo gallery can be found here.