Canada should be purchasing cheap factory equipment from China and reshoring lost industries via heavy investment or creating state-owned businesses.
Someone gets it.
I mean the whole comment is completely on point. The only thing I’d add is that weakening Canada’s economy isn’t in China’s interest. If we go down the toilet, the US takes us over (in abstract terms) and cuts off China from Canada. To keep Canada trading with China, they need us stronger than today relative to the US so we can stay independent. With that said, China probably would rely on us to enact the required trade controls to preserve and develop what we need. They’d just comply with those controls instead of fighting them.
Someone gets it.
I mean the whole comment is completely on point. The only thing I’d add is that weakening Canada’s economy isn’t in China’s interest. If we go down the toilet, the US takes us over (in abstract terms) and cuts off China from Canada. To keep Canada trading with China, they need us stronger than today relative to the US so we can stay independent. With that said, China probably would rely on us to enact the required trade controls to preserve and develop what we need. They’d just comply with those controls instead of fighting them.