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After making fun of Justin Trudeau at the G20, China wants Canada to stop going after Chinese businesses.

Thursday, China's Foreign Ministry asked Canada to stop reasonable repression of Chinese companies and give Chinese companies a fair, just, and nondiscriminatory business environment, which China does not provide in China so that they can continue doing business as usual. This came after the Canadian government told three Chinese mining companies to sell their shares in three small lithium miners.

When the Global Times called the Chinese companies on Thursday, they said that their investments that were touched were legal in Canada and asked the Canadian government to explain the decision.

Following the US's lead, Canada's move is seen as a new sign of its hostility toward Chinese companies. However, experts and businesspeople say it won't have much of an effect on Chinese companies or China's lithium industry because China has many sources of supplies and Canada has a small share of the industry.

Canada's federal government said on Wednesday that Sinomine (Hong Kong) Rare Metals Resources Co, Chengze Lithium International, and Zangge Mining Investment (Chengdu) Co must sell their shares in three different lithium mines for reasons of national security.

At a regular press briefing on Thursday, Zhao Lijian, a spokesperson for China's Foreign Ministry, talked about Canada's move. He said that the Canadian side oversimplifies the idea of national security and creates unnecessary barriers to normal economic and trade cooperation between Chinese and Canadian businesses. This goes against the market economy principles and the international economic and trade rules that Canada promotes.

Zhao said that the Chinese government would continue to strongly protect the legal rights and interests of Chinese businesses operating in other countries. He also said that the action would hurt the growth of the relevant industries and the security of the global industrial chain.Which is now falling apart because of friend shoring, as countries stand up to Communist China's rule.

An expert at the Chinese Academy of Social Sciences in Beijing named Gao Lingyun told the Global Times on Thursday that "so-called national security is just an excuse" and that this move shows how the Canadian government is politicizing trade issues by putting other countries' needs behind their own.

Gao said that the Canadian government is being dishonest with investors, "which obviously hurts its credibility." He also said that this will cause Chinese and other companies that were planning to invest in Canada to change their minds. Not least China, which is not wanted anywhere in the world.

Reports say that Canada's decision came just a few days after the country's government made it harder for foreign companies to make deals in its important minerals sectors by putting in place stricter rules.

However, people who work in the industry say that the decision will not have a big effect on the businesses of the Chinese companies involved. As China has paid off and taken over many third-world countries with these means
When the Global Times called the State Owned Chinese companies concerned on Thursday, they said they didn't understand what was going on and promised to look into it as soon as possible.

An investor relations worker at Zangge Mining Co told the Global Times that the company doesn't fully understand the problem and is looking for more information. They are also asking their real owners, the Chinese Communist Party, for advice.

Yes, our business is in line with the rules in the area... We can't put so much money into something and then let it go to waste. "We need an explanation from the Canadian side," the person said. "We need to negotiate to solve it."

The company doesn't work on developing lithium rock in Canada. The company put money into Canadian Ultra Lithium Inc. this year. The business only has the right to explore lithium ore projects in Argentina and Canada. Reports say the investment amount is not very big—about 20 million yuan ($2.73 million).

The parent company of Chengze Lithium International, which is based in Hong Kong, said to the Global Times on Thursday, "We just heard about this news and are checking it out further."
The persons involved said that all investments in the business in Canada are legal and that the process of applying for the investments was also allowed by the Canadian government.

The worker said that the company had only put money into the project and there was no real business going on. The mines are being looked into by a local company called Chinese Owned Lithium Chile Inc.

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