Chinese ambassador suggests Canada, China ‘triple’ trade with one another
Chinese ambassador suggests Canada, China ‘triple’ trade with one another
www.ctvnews.ca
Chinese ambassador suggests Canada, China ‘triple’ trade with one another
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I would love a deal like that with China, Mexico, Canada, European Union, and a few other nations. The US isn't invited because they have a running history of not upholding trade agreements and ripping them up on a whim.
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“I think it depends on the market, on the products. Is there enough competitiveness or not,” Ambassador Wang Di said ... if he wants to see an increase in Canadian imports to China.
Mr. Wang Di is joking, right?
Chinese subsidies for its firms are just one obstacle for foreign companies to compete in China's market. The government in Beijing makes it widely impossible for non-Chinese firms to compete in its domestic market, which is why no non-Chinese company has ever been able to maintain a strong market position within China. Beijing is only interested in the technology, and production and other know-how. Once they got what they want, foreign companies are not welcome anymore.
You can do some tit-for-tat trade, but China is by no means a reliable trading partner.
Btw, Canada's exports to China in 2024 amounted to 21 billion, while Canadian imports from China were 63 billion.
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Adding Chinese EVs to our imports would sure go a long way with that!
How about they build them here.
Exactly.
Nice empty factory in St Thomas. And possibly another in Ingersoll.