The China Daily reported that China and Canada plan to double trade. “I have agreed with Prime Minister Harper that we should take active measures to make our countries’ two-way trade volume reach a target of $60 billion by 2015,” Hu Jintao said in Ottawa.
While the US pressures China to do something about North Korea, sells modern weapons to Taiwan and hosts the Dalai Lama at the White House, which all upset China, Canada works to build a relationship and earned approved destination status (ADS), so Chinese tourists may travel to Canada in organized, pre-sold tour groups. Canada’s tourist industry hopes to see $100 million a year increasing tourist revenues and creating jobs.
Canada also signed several energy cooperative agreements involving oil sand, nuclear energy and gas. In addition, one agreement might mean more Canadian food products being sold to China, which creates more jobs for Canadians since so many were lost when the US Sub Prime Mortgage crises caused a global economic meltdown.
Why can’t the US find constructive ways like these to do the same—shrink the trade imbalance with China and create jobs at home without irritating Beijing?
Sign up for an RSS Feed for iLook China