China, located in Southeast Asia
is best known as the manufacturing centre of the world with the second largest
economy in the world. China’s top two trading partners are The United States Of
America and Japan. The U.S is one of China’s top trading partners since China
exports most of its manufactured goods to the U.S which include: computers,
broadcasting equipment, telephones, vehicle parts, and much more. The U.S
exports: soybeans, civilian aircraft, cotton, copper materials and other goods
to China.  Japan is also China’s top
trading partner due to the proximity and China’s developing status. Key imports
include: computers, broadcasting equipment, telephones and vehicle parts. Japan
exports: integrated circuits, cars, vehicle parts, LCDs and machinery to China.

China is Canada’s second-largest trading partner, after the U.S
and they have been trading for nearly 70 years. China first started trading in
the early 1950’s but during this time trade was limited and there were no
official trade agreements. Currently, there are discussions about a possible free
trade agreement with China that will help to promote trade in between Canada
and China.  Canada imports finished goods
from China which include: computers and peripheral equipment, broadcasting and
wireless communication equipment, telephone and much more. Whereas on the other
hand, Canada exports mostly natural resources to China which include: wood
pulp, oilseeds, sawmills, soybeans and other resources. Canadian businesses
outsource their manufacturing to China to take advantage of the low cost labour,
innovations in the production of new products and the quality of the
manufacturing products

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Furthermore, China is a
developing country; therefore there are lasting opportunities for Canadian
businesses in the engineering and construction fields. Canadians have the
skills, experience and knowledge in building infrastructure projects and should
look at the current opportunities available in China. Therefore, looking to
expand into China by forming joint ventures with Chinese engineering and
construction companies will contribute to the growth of Canadian businesses