The CCC risk rating is impacted by the Sovereign Probability of Default (ability and willingness to honour financial obligations), political risks, and other mitigating or worsening factors.
Business environment in China
China is one of the world's largest economies and a top export destination for Canada. With its large domestic market and globally integrated supply chains, China continues to attract strong interest from foreign investors. As production cost continues to rise, the government is taking steps towards developing a more service-oriented and domestic consumption driven economy that is less susceptible to shocks in global demand. The country's 'One Belt One Road' initiative strives to enhance infrastructure connectivity between China and its trading partners. This presents new opportunities for Canadian business. Partnering with local companies is a key ingredient for success. While China presents many opportunities in a number of sectors, it is important that Canadian exporters and investors conduct the necessary due diligence prior to entering the market in order to effectively navigate the legal, regulatory and bureaucratic obstacles that are present in the business environment.
EDC serves Canadian companies in China through our local representation in Beijing and Shanghai.