Look around you; look around the supermarket or the grocery store, whenever you pick up a product how much chances you can see a MADE IN CHINA on it?
I’d say at least 40% among all products.
Canada has signed a reciprocal currency deal in order to fostering the easier trade between Canada and China—the easier usage of the Canadian dollar and Chinese RMB.
What came up on your mind when you see this?
I have lived in China for 18 years, in my perspective, I cannot even remember any products in the market is made in Canada. China, the potential wide-range developing market, is definitely worth the efforts on increasing the export. Increasing export gives the advantage of spreading risks and makes more profits for the company. The world market is more diverse than one as the saying “do not keep your eggs in one basket”. If there is a recession in one market, at least you still have back-up strengths. People are paying more and more attention on the world market because the diversity of the world market allows more demands and offers more opportunities to make money. Here is an example in China: the food security has always being concerned by all of the people living in China and aroused a heated debate. Some American companies already took the opportunity and joined the Chinese market by claiming they have pure milk and powdered milk of really good quality. The result shows that American farmers are selling off all the milk their cows can produce at record-high prices, even though the high prices of those imported products, they really sold well in China. Business is all about seeking chances and taking them.
Hence, Canada should learn from the previous trade prototype between America and China and step into this huge market for itself.