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    Luncheon with The Honourable Chrystia Freeland, Minister of International Trade, Hosted by the Canadian Chamber of Commerce in Shanghai and Saimen

    On July 8th the Canadian Chamber of Commerce will welcome the Honourable Chrystia Freeland, Minister of International Trade, to a Luncheon. This is an opportunity for members of the Canadian Chamber, and Canadian business community in China, to gain insight from one of Canadaa��s most important ministries.

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    The Honourable Chrystia Freeland

    Minister of International TradeA�with the Government of Canada

    Chrystia Freeland was first elected as the Member of Parliament for Toronto Centre in a by-election in November 2013, and then as the Member of Parliament for Universitya��Rosedale in October 2015.A�She was the Critic for International Trade in 2014.

    She was born in Peace River, Alberta, received her undergraduate degree from Harvard University, and continued her studies on a Rhodes Scholarship at Oxford University.

    After cutting her journalistic teeth as a Ukraine-based stringer for the Financial Times, The Washington Post, and The Economist, Chrystia went on to wear many hats at the Financial Times, including deputy editor, UK news editor, Moscow bureau chief, Eastern Europe correspondent, editor of its weekend edition, and editor of FT.com.

    Between 1999 and 2001, she served as deputy editor of The Globe and Mail, before becoming a managing editor at the Financial Times.A�In 2010, Chrystia joined Canadian owned Thomson Reuters as editor-at-large. She most recently worked as Managing Director and Editor of Consumer News. Chrystia was a weekly columnist for The Globe and Mail, writing extensively about the challenges facing the middle class.

    Her books include Sale of a Century: The Inside Story of the Second Russian Revolution (2000) and Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else (2012).

    Chrystia is married and a proud mother of three children.

    Event Details

    Time:

    Friday, July 8th, 2016 12:00 PM – 2:30 PM

    Venue:

    Grand Ballrooms I & II,A�Grand Hyatt

    Jin Mao Tower, 88 Century Avenue, near Dongtai Lu

    a?�c??a��e?�88a?�,

    e��e?�a��aZ�, e?�a????�e�?

    Shanghai,A�China

    Price:

    800RMB

    RSVP:

    Click hereA�or email chamber@cancham.asia

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    Trudeau: Canada cheers China

    Canadian Prime Minister Justin Trudeau applauded his country’s long and constructive relationship with China at The Economist’s 2016 Canada Summit on Wednesday in Toronto.

    “We have both looked at the economic opportunities through the decades. Canada wants China to succeed on the world stage,” said Trudeau, whose late father Pierre first established diplomatic relations with Beijing 46 years ago when he was prime minister.

    Justin Trudeau said China was to be congratulated for contributing hundreds of millions of people to the global middle class. “This is a significant achievement,” he said.

    The prime minister made the comments during an interview by Brooke Unger, Americas editor for The Economist.

    China is Canada’s second-largest trading partner, behind only the US, as two-way merchandise shipments totaled C$78 billion two years ago.

    About 1.5 million of Canada’s 35 million people are of Chinese descent, with Mandarin the third most-spoken language after English and French.

    The Liberal government succeeded the Conservative government of Stephen Harper and has sought to improve relations with Beijing.

    China remembers Pierre Trudeau’s outreach, according to President Xi Jinping, whom the new PM met at the G20 in Turkey last November. Xi called the elder Trudeau a man of extraordinary political vision.

    News source: http://usa.chinadaily.com.cn/world/2016-06/09/content_25662024.htm

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    Varcoe: Time to revisit barriers to Chinese investment in oilsands

    Canadaa��s energy sector needs capital. Alberta wants foreign investment. China has money to spend.

    It seems like a natural marriage.

    Yet, in the first three months of the year, one of the biggest sources of foreign investment dropped sharply for the provincea��s largest industry.

    The countrya��s energy sector saw only $400,000 invested by Chinese companies a�� among deals that closed with approval during the period a�� falling to its lowest level in six years, says a report by the China Institute at the University of Alberta.

    Canadaa��s oilpatch, once a magnet for state-owned enterprises looking for an energy deal, a�?is now among the least favoured sectors for Chinese investment,a�? says analysis by the institute.

    a�?Energy investment is at a low, therea��s no doubt about it,a�? says Gordon Houlden, director of the institute. a�?We should be concerned; worry is too strong, but we should be concerned.a�?

    Even if therea��s no worry, these numbers should serve as a wake-up call for an industry trying to raise capital during a period of low commodity prices, but also for provincial and federal governments struggling to stimulate the economy.

    It also begs the question of whether the barriers to investment by state-owned enterprises, put in place by the Harper government in late 2012, still make sense.

    On Wednesday, Foreign Affairs Minister Stephane Dion met with his Chinese counterpart, Wang Yi, in Ottawa, where the two pledged to a�?open up a new golden eraa�? of bilateral relations.

    Therea��s room for improvement.

    The U of A report shows Chinese investment in Canada during the first three months of the year totalled $235 million, down from $1.7 billion in the fourth quarter.

    The decrease comes even as China is ramping up its foreign spending.

    With a population of 1.4 billion and the countrya��s growing economic clout, China remains a massive source of investment; it makes sense for Albertaa��s cash-strapped energy sector to be fishing in this pond for capital.

    Ita��s also important to note Chinese investment in energy has not dried up completely.

    The institutea��s figures do not include deals announced at the end of 2015 or early 2016 that havena��t closed or received approval under the Investment Canada Act.

    In late March, Calgary-based Bankers Petroleum Ltd. announced it was acquired by Geo-Jade Petroleum Corp. for $575 million, while Long Run Exploration Ltd. shareholders approved its sale to Sinoenergy Investment Corp. for $100 million and the assumption of $679 million in debt.

    But this is a far cry from earlier in the decade, when Chinese state-owned enterprises were looking to secure long-life oilsands reserves. An estimated $29 billion in energy deals occurred between 2011 and 2013.

    The pace of the deal making, however, sparked nervousness over foreign control of Canadaa��s natural resources, particularly by Chinese state-owned enterprises.

    The debate intensified with the $15.1-billion takeover of Nexen Inc. by CNOOC Ltd. in December 2012.

    At the time, the former Conservative government approved the takeover but said future acquisitions in the oilsands by state-owned enterprises would only be approved in a�?exceptionala�? circumstances.

    Since then, the ground has shifted.

    Commodity prices have tanked. The federal and provincial governments have changed. Thousands of oilpatch jobs have vanished.

    Chinese investment in Canadaa��s energy sector fell to $2.4 billion in 2014 and $5.4 billion last year before the first-quarter funk, according to the institute.

    Aside from the obvious impact of weak oil and gas prices, several other factors have affected Chinaa��s energy investment strategy.

    Houlden, a former diplomat, says the restrictions imposed by Ottawa, past investments performing poorly, corruption issues in China and a lack of pipelines to get Alberta oil to the coast for export are acting as a drag.

    John Gruetzner, managing director of Intercedent Ltd., a Canadian investment advisory firm focused on Asia, says a correction in Chinaa��s economic growth and the improved availability of energy supplies have also a�?taken the urgency out of acquiring oil.a�?

    a�?The rules put in by the Harper government are having an impact in that they create another area of risk in a deal and also cost of completing a transaction,a�? he said in an e-mail.

    But should we care if China spends less in the oilpatch?

    A poll last year by the institute found only 42 per cent of Albertans think more Chinese investment in energy and resources is welcome.

    There are long-standing concerns about the countrya��s human rights record. And China doesna��t allow reciprocal investment in its energy sector.

    But Canadaa��s energy industry remains a capital-intensive business, even during these down times.

    Jackie Forrest, vice-president of energy research at ARC Financial, notes the Canadian energy sector is expected to spend more than $30 billion on capital this year, even as producers only generate an estimated $18.6 billion in cash flow.

    a�?In downturns, when ita��s harder to get capital to fund the industry, ita��s even more important that wea��re open to any sources of capital that the industry can get,a�? she said.

    Before last yeara��s federal election, the Liberals indicated they would review and loosen the oilsands investment barrier, although Prime Minister Justin Trudeau was non-committal when asked about the issue in April.

    Ita��s time to re-examine the rules and see if theya��re serving Canadaa��s needs, particularly if this is done as part of a comprehensive free trade arrangement with China.

    a�?To me ita��s crystal clear that four million Albertans a�� cannot begin to fund a gigantic oil industry that is super capital intensive in this province,a�? says Houlden.

    a�?We need foreign capital. Ita��s critical to our Canadian prosperity.a�?

    News source: http://calgaryherald.com/business/energy/varcoe-time-to-revisit-barriers-to-chinese-investment-in-oilsands

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    Global OConnect Marches into North American Market, Delivering Brand-new ‘Made in China’ Concept

    TORONTO, June 22, 2016 /CNW/ — China’s top B2B cross-border e-commerce service provider Global OConnect will make its first appearance in North America by launching an exhibition warehouse at 342 Wildcat Street Toronto, Canada on June 28, in efforts to bring high-end Chinese manufacturers of the 21st century to local retailers.

    Established in 2015, Global OConnect is an offline business affiliate of OSell e-commerce platform, a Hong Kong based company which is devoted to being a cutting-edge online communication mediator for global SME businesses.

    Kevin Fenn, founder and Board Chairman of the company, is fascinated about the idea of “being a bridge between Chinese suppliers in the new era and global retailers”. Through successfully launching warehouses in Russia, the U.A.E., Poland and Vietnam, Mr. Fenn hopes to bring more high-tech-embedded and quality-oriented Chinese brands abroad in order to refresh local consumers’ impressions towards traditional low-end products that were made in China. “The next step for OConnect will be to take highly competitive products overseas to Chinese consumers,” said Mr. Fenn.

    The idea of constructing such overseas warehouses is to facilitate China’s cross-border e-commerce business by making localized sales and distributions easier. After orders are placed, export enterprises can dispatch goods in bulk directly from the local warehouse.

    Chinese SME businesses in recent years have gained more traction in cross-border trades, representing 80 percent of total trading volumes. Products have stronger presence at regular households due to lower costs and easier access to local communities. Hence, they represent a better opportunity to introduce new “Made in China” concepts to consumers. Instead of being stuck in the low-cost and labor-intensive manufacturing modes of older generations, Chinese merchandise in the 21st century is more quality- and high-tech-oriented, which will ensure general popularity and trust in local markets.

    Mr. Fenn believes that OConnect’s inauguration in Canada will no doubt bring closer the two major economies in regards to SME trading. By solving financial, logistical and local access problems for parties on both sides, OConnect serves as the express lane between China-made high-end products and retailers in a larger North American market, which will in turn benefits local consumers with reasonable prices and better products that are nowadays made in China.

    News source: http://www.newswire.ca/news-releases/global-oconnect-marches-into-north-american-market-delivering-brand-new-made-in-china-concept-583952541.html

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    Chinaa��s COFCO Agri hiring grain traders, opening Winnipeg office

    Winnipeg | Reuters a��a�� Chinese state-owned agricultural trader COFCO Agri is opening a trading office in the Canadian grain hub of Winnipeg, adding to the aggressive expansion of its North American agriculture business.

    COFCO Agri is hiring three grain traders and an operations manager to expand export and domestic trading, according to the companya��s postings on professional networking site LinkedIn.

    Efforts to reach COFCO spokespeople and the companya��s U.S. human resources director for further details were unsuccessful.

    On its website, the company lists regional trading and asset offices in eight countries, but none in Canada, the worlda��s largest canola-exporting country and one of the top wheat exporters.

    COFCO has embarked on an aggressive expansion into international grain trading, having invested over $3 billion to buy Noble Groupa��s agribusiness and a large stake in Dutch grain trader Nidera.

    The Noble ag business, Noble Agri Ltd., became COFCO Agri in March, after COFCO paid US$750 million for the 49 per cent of Noble Agri it didna��t already own.

    COFCO also has an office in Vancouver to conduct market analysis.

    The company is shopping for deals in the U.S. and Canada to give it access to North Americaa��s grains and oilseeds for export. It is also setting up a U.S. ethanol trading desk, sources told Reuters in May.

    Several of the largest Canadian grain traders already have head offices in Winnipeg, including Richardson International, Cargill, Paterson Grain and Parrish and Heimbecker.

    News Source: http://www.albertafarmexpress.ca/daily/chinas-cofco-agri-hiring-grain-traders-opening-winnipeg-office

  • Canada Day at the Bund Beach Activities and Schedule

    Sign up for our activities by emailing chamber@cancham.asia or enjoy the open activities atA�Canada Day at the Bund Beach 2016.

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    Canada Day at the Bund Beach 2016!

    Canada Day returns on the Bund Beach on June 26th, 2016 with music, games, food, drinks, dancing, volleyball, hockey, and FUN for the whole family! You do not want to miss it! Register Now to celebrate Canada’s 149th birthday with the Canadian community and friends of Canada in Shanghai. Check out photos of last year’s event here. Check out our amazing Canada Day Sponsors below, and contact aloka@cancham.asia if your organization would like to Sponsor the Best Beach Party of the Year! register here button Sponsor Titles

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  • Week of March 23rd Slider (20)

    Canadian tourism industry focuses on growing Chinese market

    MONTREAL – The Tourism Industry Association of Canada (TIAC) and Destination Canada (DC) on Monday announced a new plan to tap the potential of the growing Chinese market.

    The Canana-China Tourism Advancement (CCTA) program, announced at Canada’s premier international tourism conference — Rendez-Vous Canada 2016, expands on the Canada-China Inbound Tour Operator Accreditation Program to help all members of Canada’s tourism industry take advantage of growing opportunities in the Chinese marketplace.

    On June 24, 2010, China and Canada signed a Memorandum of Understanding to facilitate outbound tourist group travel from China to Canada. The Canada-China Inbound Tour Operator Accreditation Program has been implemented since May 2010 to fulfill the requirement of the memorandum.

    Charlotte Bell, TIAC president and CEO, said an average annual growth rate of 24 percent per year generated over $3 billion in revenue.

    “However, the Chinese market is changing due to the new 10-year multiple visa, the growth of the Free and Independent Travel (FIT) segment, increased air capacity, as well as increased competition. TIAC understands that to truly capitalize on the opportunities, a more coordinated, sophisticated and broader platform needs to be developed,” Bell said.

    “We are pleased to partner with TIAC to move Canada’s tourism industry from ‘China Ready’ to ‘China Ambitious,’” said David Goldstein, president and CEO of the DC, adding that this program will help tourism operators make Canada Chinese travellers’ number one destination of choice.

    China’s UnionPay International has joined the CCTA program as a key partner. Pilot projects to be launched in late 2016 include a trade mission to China and an industry bilateral forum with the Shanghai Huangpu Hotel Association hosted in Canada.

    News Source: http://www.chinadaily.com.cn/business/2016-04/26/content_24859331.htm

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    Canada will be the Guest of Honour at this year’s Meet in Beijing Arts Festival

  • Allied Pickfords Wins Third Consecutive International Moving Company of the Year Award

    Singapore a�� (December 16, 2015) a�� Allied Pickfords, one of the recognizable household goods moving brands of SIRVAWorldwide, Inc., was honored with the International Moving Company of the Year Award from the Forum for ExpatriateManagement (FEM). This was the third consecutive year the company was recognized with an Expatriate Management and Mobility Award (EMMA).

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