With China investing some $80 billion in Canada’s economy—62 per cent of which is in Alberta—understanding the Asian powerhouse is crucial, says China Institute director.
It’s hard to believe, but 10 years ago there was no way to tell how much China had invested in Canada.
Even Statistics Canada and the Chinese Ministry of Commerce couldn’t provide accurate figures, according to Gordon Houlden, director of the University of Alberta’s China Institute.
“People would either vastly overestimate investment, accusing the Chinese of single-handedly distorting the market, or they would say it's an absolutely minimal factor when it was clear investment was substantive,” he said.Canada wouldn’t benefit in long run from U.S.-China trade war
If Donald Trump follows through on his proposal to impose tariffs on up to $60 billion worth of select Chinese imports, it could end up helping the Canadian economy in the short term, said the director of the U of A’s China Institute. But the boost won’t la...