China has been claiming huge success in their “fox hunt”, an effort to retrive corrupt officials who fled abroad to escape prosecution. Canada was a main safe haven for them. Business analyst Shaun Rein explains in the Globe&Mail why helping China is a good idea, despite misgivings about the country´s judicial system.
The Globe&Mail:
“China likes to use trade to favour countries who are being nice to them, and when they are not nice, they are punished,” said Shaun Rein, founder of China Market Research Group. In that respect, he said, Ottawa is being savvy by engaging in discussions with Beijing. But many international law experts and diplomats warn that Fox Hunt is fraught with many tripwires, beginning with China’s opaque — if not brutal — legal system where the charges originate…
“Some Canadians might think, do we want these kinds of people living here?” said Mr. Rein, who is also author of The End of Cheap China. “A lot of these people are rotten.” Mr. Rein also suggested that the deal is not as one-sided as it seems. By signing a reciprocation deal, Canadian officials can better track who is living and working in Canada and not paying taxes.
Shaun Rein is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´request form.
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