canada: If Canada continues to serve US political interests at the cost of harming China's and even its own in international society, the country will cause more and more global investors, including those from China, to lose their confidence in the market, they noted, according to Global Times China. Flavio Volpe, president of Canada's Automotive Parts Manufacturers' Association APMA said several Chinese automakers planning to expand production in Canada have put their plans on hold over the arrest of Huawei CFO Meng Wanzhou, according to a CBC News report in December 2018. Photo VCG It will be increasingly difficult for the Canadian auto sector to attract Chinese investment in the near future against the backdrop of heightened China-Canada diplomatic tensions over a senior executive of China's technology giant Huawei, said industry analysts. As US automaker General Motors GM decided to close a facility in Oshawa, Canada, which is a customer for the local auto parts industry, Canada needs to find a new customer - a Chinese automaker - to replace that capacity, Volpe said in the CBC report, without disclosing the Chinese automaker's name. SAIC could not be reached as of press time. Two Chinese automakers - State-owned SAIC Motor Corp and Guangzhou Automobile Group Motor Co GAC - were reportedly investigating the Canadian auto market to continue their overseas expansion.
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