The trade volume between China and Canada for the first time exceeded USD10 billion in 2003, representing a growth rate of 26.2 percent over the previous year, and the direct investment in China from Canada reached USD563 million. Financial cooperation between China and Canada has also been actively promoted.
Two Canadian commercial banks have established four branches in China and the other four have set up representative offices. There are great potentials for trade, investment and financial cooperation between our two countries. We look forward to closer financial and economic cooperation with Canada. Thank you. BIS Review 40/2004  5