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A woman walks past the headquarters of the state-owned China National Offshore Oil Corp. in Beijing, on Dec. 8, 2012.
A woman walks past the headquarters of the state-owned China National Offshore Oil Corp. in Beijing, on Dec. 8, 2012.
(Andy Wong/AP)

Looking back, new state-owned enterprise takeover rules would have blocked few deals

To other countries, the headlines stemming from the Canadian federal government’s decision to block future oil sands takeovers by state-owned enterprises could easily come across as overly protective. Boil the news down to just a few words, and you might get something like: “Canada cracks down on foreign takeovers.”