The Chinese agenda is to build the “Polar Silk Road” through developing the Arctic shipping routes. What makes it an essential need is the strategic significance of the Northern Sea Route, a potential key trading route between the eastern, western and northern hemispheres.
Canada’s economic exchange with China started in the 1960s with wheat exports to China. Today, 50 percent of Canadian exports to China are based on natural resources and the Canadian government believes that they have more resources to offer.
Observers had expected a major breakthrough on the front of trade during Canadian Prime Minister Justin Trudeau’s trip to China in December 2017. Both countries however simply agreed to continue their “exploratory discussions toward a comprehensive trade agreement.”
As of July 2017, China has allocated more than USD 100 billion to pay for Belt and Road Initiaitve projects, including the massive USD 46 billion China-Pakistan Economic Corridor and a pan-Asian high-speed railway.
India’s upgrading of the Look East Policy to Act East Policy seem promising for India-Vietnam economic ties. With the progression of the Regional Comprehensive Economic Partnership Agreement, there will be more opportunity to tap the Vietnamese market.
Hong Kong serves as a template for China to develop capitalism with Chinese characteristics. Hong Kong has been a living economic laboratory for socialist China to observe and selectively apply capitalist market features that have led to the rise of the Chinese economy.
China’s Government Working Report proposed that future real estate measures would tailor to the regional circumstances, that is, de-stocking policies in regions with high housing inventories and strict regulations in some cities to constrain the excessive increase in housing prices.