Economic Relations Between Canada and China in the Context of World Order Transformation

Abstract

In the context of unprecedented for the XXI century international tensions, Canadian-Chinese economic ties are currently at the critical point in their development. Official Ottawa continues to step up efforts to destroy them, actively participating in the anti-Chinese front being put together by the United States and regardless of the associated costs for its own economy. Chinese share of the Canadian foreign trade turnover is going down, while the deficit of Canada’s trade with China is growing markedly. Investment processes between the two countries have stalled. In 2019–2021, bilateral accumulated direct investments reached a plateau, demonstrating mixed dynamics. Various restrictions are being imposed on the activities of Chinese businesses in Canada. Further development of Canadian-Chinese economic relations, as well as dynamics and structure of bilateral trade and investment flows cannot but be affected by Canada's active participation in the American policy of strategic containment of China, especially in the field of ensuring access to strategic raw materials.