Pandemic is an opportunity for Canada to reduce economic dependence on China
Now that COVID-19 has disrupted international supply chains, when Canada rebuilds, it should be toward an economy less integrated with China's.
Increasingly, signs are showing that China is taking advantage of the COVID-19 chaos to extend its influence globally. Post-pandemic, it will likely only get more powerful and assertive against a Western world mired in social and economic mayhem.
As Canada restarts its economy, the government would be wise to guide companies toward diversified markets. It needs to further cultivate alternative trading partners, such as fast-growing India and Brazil, and those with similar values, such as the European Union. And it needs to do so actively and aggressively.
Source: CBC #Oct02
https://www.cbc.ca/news/opinion/opinion-ethan-lou-china-trade-1.5743475
#Canada #ChinaTradePartner #China #Covid19
Now that COVID-19 has disrupted international supply chains, when Canada rebuilds, it should be toward an economy less integrated with China's.
Increasingly, signs are showing that China is taking advantage of the COVID-19 chaos to extend its influence globally. Post-pandemic, it will likely only get more powerful and assertive against a Western world mired in social and economic mayhem.
As Canada restarts its economy, the government would be wise to guide companies toward diversified markets. It needs to further cultivate alternative trading partners, such as fast-growing India and Brazil, and those with similar values, such as the European Union. And it needs to do so actively and aggressively.
Source: CBC #Oct02
https://www.cbc.ca/news/opinion/opinion-ethan-lou-china-trade-1.5743475
#Canada #ChinaTradePartner #China #Covid19