I think he should be open to mutually-beneficial economic dealings with Beijing, but not until they stop helping Russia sidestep sanctions. I believe some 30% of Moscow's export is done through China in 2024. Being friendly with China right now would be no bueno
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I'm very much not a fan of China, but I'd still say "prefer Europe but be open to China too." Canada's uniquely positioned to be able to trade well with both, the same advantage that America had before they turned isolationist and squandered it.
That said, I expect that applying reasonable standards to China will result in a lot of trade opportunities being cut off anyway. I just don't want them cut off preemptively without trying first.
We have tried with the utterly stupid FIPPA Harper signed with China (which we are locked in to until 2045).
It hasn't helped Canadian firms much at all. Chinese investment in Canadian O&G and land/housing ownership is through the roof tho.
Oh no, conservative echo chamber got it wrong again
I am hoping this is just for the election season, to sidestep potential conservative attacks of being too close to China. Canada should be expanding trade with the biggest partners available off both the Pacific and Atlantic coasts, not just one of them.
That's pretty dumb, Carney. Our current situation is a product of too much focus on too few export markets. Refusing to expand trade with China is choosing to act with a limb tied behind our back for no good reason.
I suspect this is one part electioneering and one part being cautious. I expect collaboration with China to increase if he wins the election, whether we consider them our "preferred" partner or not.
Besides, China is already the technology leader in many respects and becoming in more of them over time. If we enter a world where China sells workstation/server class CPUs for a tenth of the cost of US brands, we won't be able to ignore that cost reduction.
China is just another US, only less sympathetic.
And despite everything, short of a real war we will continue to trade with the US at a reduced capacity. Which is fine. The goal of our trading strategy ought to be diversification to avoid a monopsony-like situation where any individual buyer is buying enough of our exports to severely damage us if they stop (that is, the situation we're in now).