Canada-China Deals Draw Cheers, Boos Chretien Returns with Fistful of Infrastructure Contracts

By Mark Clayton, writer of The Christian Science Monitor | The Christian Science Monitor, November 10, 1994 | Go to article overview

Canada-China Deals Draw Cheers, Boos Chretien Returns with Fistful of Infrastructure Contracts


Mark Clayton, writer of The Christian Science Monitor, The Christian Science Monitor


CANADA'S top salesman - Prime Minister Jean Chretien - has just finished barnstorming across China on a trade trip that has irritated human-rights activists and enthused Canadian executives as the deals pour in.

This week, Canadian executives and Chinese officials signed 54 contracts and agreements in principle valued by Canadian officials at $8.6 billion (US$6.3 billion). The gold prize appeared to come on Tuesday when China signed a memorandum of understanding toward the purchase of two Canadian-designed nuclear reactors worth $3.5 billion.

Standing on the steps of China's Great Wall, Mr. Chretien told a gaggle of Canadian reporters that the deals from the trip would create thousands of jobs in Canada, where the unemployment rate is 10 percent.

"If you compare the level of activity that we will generate with {that of} any trip organized by any other nation, we will have done extremely well," the prime minister said.

China is one of the world's hottest export markets, with an economy growing at a rate of 10 to 15 percent annually. But until recently, Canadian businesses have not had much success getting a foot in the door. China had more direct investment in Canada at the end of 1993 ($378 million), than Canada had in China ($260 million).

From the start of the trip, Canada wanted to show the Chinese that it is serious. Chretien's huge "Team Canada" tour has involved an entourage of more than 350 business leaders, as well as nine out of 10 Canadian provincial premiers. Quebec Premier Jacques Parizeau did not go. Reportedly, the massive showing impressed Chinese leaders.

"Today marks a new era in Canada-China trade relations," Chretien exulted after the deals were penned. "This catapults trade with China into new levels."

Among the announced deals:

* Atomic Energy of Canada Ltd., the government-owned corporation, signed a pact with China National Nuclear Corp. that AECL officials say will lead to "serious negotiations" on the sale of two 700 megawatt nuclear reactors. Early reports misconstrued the signing as a commercial contract.

* Canadian Agra Corp. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Canada-China Deals Draw Cheers, Boos Chretien Returns with Fistful of Infrastructure Contracts
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.