In recent years, bilateral inve-stment between China and Canada has become more and more active. According to the report on overseas investment of Chinese enterprises released by China Council for the Promotion of International Trade (CCPIT)at the 4th Chinese Enterprise Outbound Investment Conference, Chinese overseas inve-stment is displayingan increasing trend, with the strength of Chinese enterprises and overseas investment rapidly growing. To Canada, more and more Chinese companiesbegan to put their investment there. Canada boasts good infrastructure, abundant energy resources and stable economic environment, preferential foreign investment policies, which is very attractive to Chinese enterprises. It has become an accepted fact that China is Canada's second largest trading partner in 2009, despite the negative influence of international financial crisis. Trade and investment between the two countries still shows a robust growing trend, mainly related to resource development, information communication,industrial production, construction contracting, agriculture,forestry, biotechnology, science and technology and cultural exchanges, transportation, consulting services and other fields.
In the past two years, with the profound impact of the international financial crisis increasingly deepening, foreign investment of Chinese enterp-rises are facing new opportunities nd challenges. Therefore, it is very impor-tant for Chinese enterprises to get a more comprehensive understanding of Canada investment environment,to share the experience in Canada for investment, strengthen the Sino-Cana-dian business exchan-ges,and promote Chin-ese enterprises to invest in Canada. For a long time,Canada China Business Coun-cil and other Canadian counterparts maintain a close relationship to help Chinese enterp-rises tap the Canadian and North American markets. In the future, CCPIT will continue to support and assist the Chinese enterprises in over-seas investmentand transnational business.
At the conference, Frank Allen,senior partner of Benette Jones Law Firm, introduced the investment environment in Canada. Frank Allen said that Canada had the world's best investment environment for overseas investment, including abundant res-ources and energy supply. Canada also had various laws and regulations and a flexible legal framework that was suitable for foreign enterprises. In addition, Canada had some represen-tatives of the leading energy sector in many areas, which makes it a very attractive country for foreign invest-ment.
According to Frank Allen, Invest-ment Canada should not only benefit-Canada but also meet the national security requirements of competition law applied to non-Canadians in Canada. Acquire control over the Canadian company must be identified by public sectors. Some state-owned enterprises to invest in Canada need to meet a number of other factors, including good corporate governance in line with laws and regulations.
With the development of low-carboneconomy,clean technology has become a focus for cooperation betweenChina and Canada. Jeff Liu, from the Balloch Group (TBG), analyzes the cooperation prospect of clean technology between China and Canada.
Jeff Liu pointed that the develop-ment of clean technologies in China has become a necessary stage afterde-cades of fast development. And absolutely, China has made a great progress on the environment or for all aspects of resource consumption. In 2004, along with changes in the industrial environment, Chinese solar energy industry began to introduce foreign capital. TBG established a local Chinese plant, making the world's largest in the field of solar thermal energy and wind energy.
Jeff Liu emphasized that China's clean technology industry was a very large market. In contrast, Canada had the world's leading clean technology. China's demand plus Canada's tech-
nology, coupled with investment capital and management, would have a significant impact on clean techno-logy devel opment.