Chinese Vice Premier Calls For Better China-Canada Business Cooperation

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By IBTimes Staff Reporter | February 20, 2013 8:38 PM EST

Li Keqiang, China's vice premier, Tuesday urged Canadian and Chinese enterprises to pave ways for better business cooperation in the future.

Li Keqiang made the remarks while meeting with Pierre Beaudoin, president and chief executive officer of Montreal-based global planes and trains manufacturer, Bombardier Inc.

Keqiang said that China was ready for joint efforts to create a favorable business environment between Ottawa and Beijing, according to Xinhua News Agency.

Keqiang labeled Canada's high technology and China's industrial transformation as the basis for the win-win bilateral trade between the two countries.

While hailing the booming business cooperation between the two countries, Li urged Chinese and Canadian enterprises to strengthen cooperation for mutually beneficial development.

Saying China is ready for any joint effort, the Chinese leader said any insightful entrepreneur would not ignore such lucrative business scopes.

The Chinese state newspaper Xinhua reported that Beaudoin vowed to accelerate the business partnership with its Chinese companies in manufacturing and management of transportation equipment.

The two sides have agreed to create successful business environment and eventually open up markets beyond Canada and China.

Following the approval of $ 15.1 Nexen Deal, Canadian ambassador in China Guy Saint-Jacques said earlier this month that Chinese investments in Canada would increase as China might take interest in Canadian forestry and energy development.

"I expect that the interest will increase on the mining side," Canadian Press quoted the ambassador as saying.

"What I expect also is maybe they will start to get interested in the forestry sector. There's already investment in pulp manufacturing. I think they are starting to look at potential minority participation in a number of companies."

It is reportedly said that the bilateral trade between the two countries has increased six-fold in the past decade -from $11-billion in 2001 to $65.6-billion in 2011.

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