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no buzz from chinese over tech takeover concerns, but ‘stars aligned’ to build relationship: ambassador

no buzz from chinese over tech takeover concerns, but ‘stars aligned’ to build relationship: ambassador News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



no buzz from chinese over tech takeover concerns, but ‘stars aligned’ to build relationship: ambassador

ottawa — canada’s ambassador in beijing says he’s heard no chatter from chinese officials about security concerns around the chinese takeover of a canadian tech firm.“i have not heard it mentioned yet. … on the chinese side, i have not heard a comment,” said john mccallum, speaking to the national post by phone tuesday evening.but canada is “always open to foreign investment” from china and other countries, he said. business deals are assessed on a “case-by-case” basis and, in this case, “security advice was followed,” he added, citing comments from innovation minister navdeep bains on tuesday.bains had told reporters “every single transaction” is reviewed by national security agencies and “we followed their advice” when chinese firm hytera made a bid for b.c. firm norsat. but the investment canada act only requires screening, not a full-fledged review, and that’s what happened in the case of norsat, the company said.concerns have been raised in the united states over american military use of satellite technology from norsat now that a chinese communications giant could have a controlling interest. motorola solutions had sued hytera in march over allegations employees that transferred to the firm brought trade secrets with them.the implicit worry is that firms based in china could transfer sensitive technology to the chinese government, for use by its military. the sale has not yet been finalized and an american firm is also bidding for owner...