As geopolitical tensions rise, Chinese investment into Canada continues to fall, data show
15 July 2020
Chinese investment into Canada has continued to decline amid souring relations between the two countries, according to new data.
Total Chinese investment into Canada totalled $3.1 billion in 2019, according to data from the University of Alberta’s China Institute. That figure is well below the previous four-year average of roughly $5 billion per year, and lower still than pre-2015 levels when Chinese investment into Canadian natural resources was running at a record high.
A separate set of recent data, from the Asia-Pacific Foundation of Canada, shows Chinese investment totalling $21 billion between 2016 and 2019, down from $27 billion in the four years between 2012 and 2015.
The steady decline comes amid fraught relations between the federal Liberal Party and the Communist Party of China, which have deteriorated since the arrest of Huawei chief financial executive Meng Wanzhou. Canadian authorities arrested Meng, daughter of Huawei founder Ren Zhengfei, in December 2018 at the request of U.S. officials.