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Tag Archives: China

Canada still outpacing China in trade with the U.S., but only barely


OTTAWA — Yes, there’s an unstoppable chain of Chinese freighters headed toward the U.S. coastline. And U.S. goods are just as speedily going in the other direction. But don’t count Canada out of the race for trade just yet — even if it could be losing the most cherished trader status …

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British Columbia gets access to China’s Panda bond program


British Columbia, which has been building financial ties with China for many years and in the process establishing a series of Canadian firsts, is set to make another innovation with investors from the world’s largest country. This week the AAA-rated province received approval from the Peoples’ Bank of China to …

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Even China is sending a message to OPEC: Oil prices have fallen too far


The world’s biggest energy consumer may have a message for OPEC. China’s decision to suspend fuel price cuts as crude continues its decline is sending a signal to the Organization of Petroleum Exporting Countries that prices are too low, according to a report from Sanford C. Bernstein & Co. The …

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How an emerging labour movement in China’s Wal-Mart stores threatens expansion ambitions of all Western retailers


When Zhang Jun, a 44-year-old electrician at a Wal-Mart store east of Beijing, shared a Mao-era propaganda poster on his Weibo blog, he was making a point. Why China is still a foreign territory to Canadian retailers Why have so few Canadian retailers looked to expand into the populous, burgeoning …

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China Investment Corp retreats from Canada after mining, energy investments sour


After a string of bad investments, China Investment Corp. (CIC) has shut down its Toronto office and is opening a new one in New York, part of a quiet retreat from Canadian natural resources by China’s state-controlled entities. Fortune Lost: The short, brutal and costly ride of China Investment Corp. …

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5 policy risks to watch in China after a year of living dangerously


Economic policy missteps loomed large over China’s economy this year, ranging from a controversial stock market bailout, to a yuan devaluation that roiled global markets to a financing crunch for local governments triggered by fiscal reforms that had to be eased. Next year may be no different. “Policy continues to …

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Lack of export infrastructure has soured China on oil investment in Canada: CNOOC official


CALGARY — Canada has lost credibility as an investment destination because of its inability to build export infrastructure, a recently retired senior executive at China’s CNOOC Ltd., one of the country’s top three oil and gas companies, said Tuesday. After spending $35 billion in Canada’s energy industry when oil and …

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B.C.’s work on developing relationship with China pays off: $695M raised in first Panda offering


Given the chance, not too many borrowers would pass the opportunity to tap into a new group of investors and raising debt capital. But opportunities aren’t given. Instead, they have to be created as the province of British Columbia found out this week when it priced its first so-called Panda …

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Report on regulatory change in China ‘mild negative’ for Manulife: RBC


A report that China’s foreign exchange regulator is tightening restrictions on purchases of insurance products oversees is a “mild negative” for Canada’s Manulife Financial Corp., according to analysts at RBC Dominion Securities Inc. Lead analyst Darko Mihelic noted that the article published by Bloomberg News, citing sources with knowledge of …

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No need for market gloom on China — the eurozone is the real economic disaster to worry about


Regular readers would not normally look to me as a source of optimism. Yet, in the midst of the current all-enveloping gloom about the world economic outlook, although not exactly optimistic, I find myself nothing like as pessimistic as the financial markets appear to be. Why the next recession could …

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