Canada NEEDS China
October 4th, 2011As the suffering economy of the European Union and The United States is becoming more apparent each day, Canada is slowly starting to realize that strengthening ties with China will play a prominent role in Canada’s economic well-being. It is because of a recently improved trade with China over the past couple years that has hindered Canada from the financial scars that the Americans and Europeans faced during the overwhelming recession. During this recession period, exports to China were constantly rising while those to other nations were noticeably declining. The writer interestingly notes that “Canada needs China far more than the reverse.”
Continually focusing on establishing a stronger relationship with the Chinese will greatly benefit Canada. Being able to trade with China gives Canada another viable option in exporting and importing goods and allows them to shy away from potential threats that the waning markets of Europe and The U.S.A present. Canada can take advantage of the growing population and efficient economy in China and in turn, greatly profit from them. China is quickly becoming a reliable trading nation trough rapid industrialization and will undoubtedly continue to play a significant role in Canada’s trading plans for years to come.
October 9th, 2011 at 1:23 pm
Population growth increases number of consumers; therefore, profit can be raised.