The skyline of Shanghai's Lujiazui Financial District of Pudong on Nov. 13, 2018. Canadian business leaders and politicians are meeting in the city at the annual gathering of the Canada China Business Council.Nearly a year after the arrest of a Huawei executive in the Vancouver airport dragged Ottawa and Beijing into a protracted diplomatic and economic standoff, Canada’s business leaders have just about had enough.
Brookfield is hardly alone, as the Canadian corporate establishment seeks to push past more than 11 months of turbulence. The arrest of Meng Wanzhou, daughter of Huawei founder Ren Zhengfei, and China’s subsequent arrest of Canadians Michael Kovrig and Michael Spavor, initiated a spiral in relations that saw Canada’s exports to China fall 9 per cent in the first six months of this year, largely the result of a Beijing block on imports of Canadian canola and other agricultural goods.
Among the most ambitious is the province of Nova Scotia, whose premier, Stephen McNeil, is currently on his second trip to China this year and his eighth as provincial leader. His staff said he had no interest in speaking about Mr. Kovrig or Mr. Spavor. Instead, he said in an interview, he is intent on building more trade with China as a way to further diversify the economic in his province, whose exports to China are expected to surpass $1-billion this year, up from $197-million in 2013.
“I’m not going to leave it to someone else to go out and make sure that we get high value for our commodities and product,” he said.
Is this what they built on ex[porting trinkets.
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