In this instance, the carrot was Mr. Wang speculating that if bilateral relations maintain “a momentum of development, and our policies remain stable and positive,” trade could grow 50 or even 100 per cent, “because China will soon become the world’s largest market, and the Chinese market is opening up to Canada more and more.”
When then-Chinese president Hu Jintao visited prime minister Paul Martin in 2005, the leaders elevated relations to a “strategic partnership” and promised to double bilateral trade within five years.
Eleven years later, premier Li Keqiang told then-prime minister Justin Trudeau that China would double trade with Canada by 2025, along with settling a dispute over canola and talks on free trade.
The promises never materialized, and Beijing’s mercantilistic regime – which strictly controls the economy to maximize state wealth and power – will never give Canada access to any significant share of China’s internal markets. Beijing sustains its economy with exports, not imports.
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