China Negative Impact

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China Negative Impact Essay

It is evident that China's economy and their technology has been booming day by day as they become an international hub for Foreign Investment and source of low-priced imports. From this alliance between two nations brings heavy dependence on one nation for the success of the other as witnessed by Canada's dependence on China. It is clear that the heavy dependence on the Chinese economy has been responsible for the recent significant decline of the Canadian economy. The future of Canada's economic advancement sits on the activities of China.
Let's take a step back and fathom why such a thriving economy has the potential to bruise a developed growing nation. Such impact is primarily caused by the dependence on one nation and economy downfall. China has been facing …show more content…
The primary reason Canada relied heavily on China, was how valuable the Canadian dollar is in China. One Canadian Dollar is worth 5.08 Yuan which is significantly high and very profitable for Canada. Secondly, Canada's has proceeded to form a tighter relationship with China which has motivated Canada to target their exports to China in terms of natural resources (News CBC). Canada predominantly exports natural resources being largely coal and a small percentage of oil (News CBC). According to Natural Resources Canada, Canadian coal had produced an approximate of 69 million tonnes of coal during 2014 (News CBC). They have held a steady production amount between 67 to 69 million tonnes for the past 10 years (CBC News). In terms of exports, Canada had exported 39.1 million tonnes of coal in 2013 (CBC News). As of 2015, Mining and oil take up 10.75% of all goods exported to China from Canada (Canada Merchandise). Recent years, China has been discovering possibilities to reduce the horrendous amount of air

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