On Monday the renminbi (RMB -- Chinese currency) will step into Canada with the inauguration of the only RMB hub in the Americas. We know in Canada it will be greeted with fanfare, but what is less certain is whether or not Canadian exporters and international investors will take action once the celebration ends. Should they?
The absolute size of an economy does not portray the complete picture of a country. When a country has a large gross domestic product, it does not necessarily mean that its residents are rich. The country may have a significantly large population which will lead to low per capita income.
Clearly the Government of Canada doesn't have an HSR policy, but surely it's time it did the minimum? A basic and badly-needed step would be to lay the policy and political tracks for a future ''blue sky'' proposal regarding high-speed rail.
The world economy has been going through rapid changes for the last few decades. The emerging economies, led by China, have
The Obama administration, the Harper government and the Peña Nieto administration in Mexico all hope to boost economic growth and create jobs by opening up global markets and letting the best North American firms and workers compete. Before stepping into the ring with the world's heavyweight economies, North America needs to listen to Muhammad Ali.
My views of China are too conflicted for me to name it as the country I most admire. However, I remain grateful that Justin Trudeau had the intellectual courage to encourage Canadians to learn from China. If we want healthy political discourse in our country, we must listen and learn when politicians answer questions with responses that are honest rather than poll tested. If our politicians are not willing to study and learn from China, Canada is not benefiting from the political leadership we need.
Nearly every speaker made reference to the disappointing global growth of recent years, and the recent slowing of Emerging Asia. Nonetheless, all took comfort in the observation that growth will be faster in the Asia-Pacific region than anywhere else on the planet. The contagion of Western pessimism seems to have stopped at Asia's door.
Sino-slowing is among the top topics on the summer chat circuit. It's a small wonder; current trends seem to break with a
As prosperity spreads and its economy grows there's another 600 million people in China striving to reach middle class status. While this undoubtedly creates challenges for Chinese policy makers, it represents a tremendous economic opportunity for North America, a highly favored destination for Chinese investors.
The Chinese government would like to believe that both earthquakes were the result of the natural movement of the earth's crust -- an "Act of God." But, mounting scientific evidence suggests that the Wenchuan earthquake was more likely a man-made disaster, triggered by the nearby Zipingpu hydro power dam.