Calculating the Relationship: China’s Economic Impact on Canada

With pending trading disputes and the trajectory of Canada’s commercial ties with China unclear, the Canada China Business Council has recently published two reports to quantify the value of the economic relationship and to understand the business climate. How deep are linkages between both economies, and how have they weathered the pandemic and political difficulties in recent years?

This session featured a presentation by Sarah Kutulakos, Executive Director of the Canada China Business Council (CCBC), about two recent studies: ‘China’s Economic Impact on Canada: Trade, Investment, and Immigration’ as well as the ‘Canada-China Business Survey 2020-2021’. Following Sarah's presentation, panelists engaged in a moderated discussion to examine the breadth and depth of the Canada-China economic relationship and its implications for Canadian jobs, future growth, and the national interest. The speakers also discussed the challenges ahead for business with China and discuss the potential restrictions and risks that the business community should be prepared to tolerate in dealing with China.

This panel is part of IPD's East Asia Strategy Forum 2021. #EASF2021

👥 Panelists:
• Sarah Kutulakos: Executive Director, Canada China Business Council
• Yanling Wang: Professor of International Affairs & Associate Director, Ph.D Program, Carleton University; former Consultant, World Bank
• Carlo Dade: Director, Trade & Investment Centre, Canada West Foundation

🎙️ Moderator:
• Jia Wang: Interim Director, China Institute, University of Alberta

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[xiaomingguo]

To stagnate with the US or to grow with China? That's the question for our economy. We rely on the US too much that since 2008, government debt skyrocketing while China built a network of high-speed trains. China is leading the fourth industrial revolution while we are deindustrializing by acting as a vassal state to the US. The US put 300% of tariff on Bombardier jets and we don't have an alternative market to save our only jet production line. It is a shame that we are a country from Atlantic to Pacific, yet our economy is like a landlocked country trading only to the US and concentrated on Ontario province that has no port to the world market.