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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Taikun who wrote (54695)10/22/2004 5:46:21 PM
From: Seeker of Truth  Read Replies (1) of 74559
 
Canada is a sovereign country. As such it prescribes minimum wages, thus ruling out payment of wages with the same nominal value as wages in overpopulated China. As such it can levy taxes on putative income, which would occur if a company in Canada sold its product for noticeably less than the market price, trying to avoid corporate income taxes. As such it can require a knowledge of one of either French or English for immigrants. The whole Noranda deal is, I think, not of great importance. I take it that the Chinese government is attempting to do two things,
1. Get rid of some of that pile of US bonds it has accumulated.
2. Make sure that it is not excluded from purchasing minerals that Noranda may possess and which are in short supply at a given time.
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