China Focus - CNOOC, Nexen, and China's Canada Takeover

On December 7, the Canadian government approved a $15.1 billion dollar takeover of Canadian oil company Nexen by Chinese company CNOOC. CNOOC—that's China National Offshore Oil Corporation—is one of China's three big oil companies. CNOOC is owned by the Chinese government, and its leadership is appointed by the Communist Party. The CNOOC deal was of major concern to many Canadians. And the Canadian government made a point to say that they would likely not approve these types of deals in the future. But were all of the concerns about CNOOC addressed? And will the CNOOC/Nexen deal lead to wider acceptance for investment and takeovers by Chinese state-owned enterprises in the US, Canada, and Europe?

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