China is an increasing dominant economic force in the global economy. All sectors of the Chinese economy are growing steadily and new wealth is being created among its investors and residents. Disposable income makes it possible for many Chinese to purchase luxury goods, travel or to invest abroad.
As a result, countries such as Canada, with its wealth of resources and safe investment environment, are witnessing increased interest from China.
This is an opportune time for the Northwest Territories to develop and implement a strategy to continue to build our relationship with China and achieve the NWT’s key objectives. This requires continued and positive communications, and the involvement of as many interested partners as possible and a broad range of interactions. A strong relationship with China should not only focus on trade, but also promote tourism, sharing cultural practices and fostering educational exchanges. This approach to market development with China requires patience.
This document outlines strategies in key areas that will increase the profile of the Northwest Territories among influential Chinese Government departments, industries and investors.