I would expect China not to pursue damages considering that the Chinese residents laundering money in Canada are breaking China's capital controls in the process.
Americans tend to be more litigious, and NAFTA is even more clear than the Chinese agreement [1], mentioning establishment and acquisition of investments.
1. Each Party shall accord to investors of another Party treatment no less favorable than that it accords, in like circumstances, to its own investors with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments.
2. Each Party shall accord to investments of investors of another Party treatment no less favorable than that it accords, in like circumstances, to investments of its own investors with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments.
Canada has carved out some exemptions, specifically around ocean front property [2], probably intended for the control of ports.
1. Each Party shall accord to investors of another Party treatment no less favorable than that it accords, in like circumstances, to its own investors with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments.
2. Each Party shall accord to investments of investors of another Party treatment no less favorable than that it accords, in like circumstances, to investments of its own investors with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments.
Canada has carved out some exemptions, specifically around ocean front property [2], probably intended for the control of ports.
[1] http://www.international.gc.ca/trade-agreements-accords-comm...
[2] http://www.sice.oas.org/trade/nafta/anx2cda.asp