Tradelines News

Get the latest news and updates on cross-border customs and international trade.

Chinese Investors ‘lack patience’ for Canadian Infrastructure Rules: Envoy

Posted July 07, 2017

Under Economic Issues, International Trade Issues


(Andy Blatchford & Mike Blanchfield – Canadian Press)

The Trudeau government’s efforts to draw in foreign cash to help fund big infrastructure projects in Canada will likely find little interest from China’s deep-pocketed investors, the country’s envoy to Ottawa says.

Ambassador Lu Shaye told The Canadian Press he doesn’t think Chinese investors will want to endure what he described as lengthy regulatory processes required for Canadian infrastructure.

They would probably prefer to continue funnelling their investment dollars into regions with far fewer procedural hurdles, such as East Africa, he said. Click here to read more.

Related: A Breakdown of Federal Spending for Public Transit, Green Projects (CP)