Bank of Canada watching China’s economic transition closely, says Senior Deputy Governor Wilkins

Submitted by admin on Mon, 04/25/2016 - 07:11

Canada faces opportunities and risks as China undergoes a complex transition to a more sustainable pace of economic growth, Bank of Canada Senior Deputy Governor Carolyn Wilkins said today.

China has grown remarkably since undertaking market reforms in the 1980s and joining the World Trade Organization in 2001. Its transformation has been felt around the globe, notably through international trade and commodity prices. Canada has benefited: China is now our second-largest trading partner, and more than 400 Canadian companies have a foothold in China.

This has been excerpted from a 5 April 2016 press release by the Bank of Canada and is available in its entirety at:
http://www.bankofcanada.ca/2016/04/bank-canada-watching-china-economic-transition-closely/