Groundwork paying off for Canadians who invested in China long-term

You can hardly make a friend in a year, but you can easily offend one in an hour, according to an old Chinese proverb.

Fortunately for Canadians trying to do business in the exploding Chinese market, Stephen Harper chose not to offend the new leaders of the world’s second-largest economy by blocking the purchase of Calgary-based oil producer Nexen by state-owned China National Offshore Oil Corp.

The chill that would have settled on just about every exporter trying to build trade with China can be judged by the way Japanese firms are being frozen out of the Chinese market over the Diaoyu/Senkaku islands diplomatic spat.

As it is, Canada and China have never had it so good. John Baird, the Foreign Minister, met recently with Zhang Junsai, the Chinese ambassador in Ottawa, to invite China’s new leaders Xi Jingping and Li Keqiang to visit Canada this year, perhaps to coincide with the delivery of pandas Er Shun and Ji Li to Toronto Zoo in the spring…

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