China
Nominal GDP (2007)
USD 3,241.8 billion
Population (2007)
1,321.3 million
Total Trade / GDP
65.3%
Currency
Yuan (Renminbi)
Merchandise Imports from Canada (Jan-Aug 2008)
CAD 6,8390 million (+14.8%)
Main imports
Industrial Machinery (21%)
Textiles (9%)
EDC in China 2007 (excluding Taiwan, Macao & Hong Kong)
Canadian companies assisted
276
International buyers insured
341
Business volume (CAD$)
1,698.1 M
China
China consistently ranks as one of Canada’s top five export destinations. The country’s strong economic growth continues to offer extensive opportunities for Canadian export businesses and investors. China is the base of manufacturing operations for many Canadian companies that have incorporated the advantages of China’s low cost of production into their global supply chains. However, in a market experiencing rapid evolution, there are potential credit, regulatory and CSR risks that must be mitigated wherever possible.
EDC's Position
- Actively seeking new business
- Open under all programs, subject to EDC's regular approval criteria
With representations in Beijing and Shanghai covering Greater China, EDC provides on-the-ground support to Canadian companies doing business in China. EDC’s regional representatives have developed strong relationships with major local clients and have created an extensive network of local contacts. EDC is well positioned to help Canadian companies finance and manage credit risk associated with sales to Chinese buyers, and to support Canadian Direct Investment Abroad and Canadian affiliate operations in China.
| Canadian Export to China, 2007 | ||
|---|---|---|
| Ranking | Sector | CAD$ |
| 1 | Industrial Chemicals | 1,485,261,032 |
| 2 | Paper & Products | 1,454,335,988 |
| 3 | Non-Ferrous Metals | 997,763,065 |
| 4 | Metals, Ores, Non-metallic Minerals | 987,208,476 |
| 5 | Agriculture, Hunting, Forestry, Fishing | 651,777,518 |
| Forecast of Domestic Market Growth, 2009 | ||
|---|---|---|
| Ranking | Sector | % |
| 1 | Non-Ferrous Metals | 32.4 |
| 2 | Pottery & China | 26.1 |
| 3 | Motorcycles & Bicycles | 23.3 |
| 4 | Textiles | 22.8 |
| 5 | Agriculture, Hunting, Forestry, Fishing | 22.5 |

