Investing in net benefits to Canada 2013 (English & Chinese)

Foreign direct investment (FDI) into Canada from China, largely from Chinese state-owned enterprises (SOEs), has rapidly increased in recent years. In 2004, FDI from China stood at C$113 million and in 2011, it reached C$10.9 billion. This increase is primarily attributable to growing interest in Canada's natural resource sector and is highlighted by a number of significant investments over the past few years, including, for example, the 2011 acquisition by China Petroleum & Chemical Corporation (Sinopec) of Canadian conventional oil and gas producer Daylight Energy for C$2.2 billion and the 2011 acquisition by China National Offshore Oil Corporation (CNOOC) of Alberta oil sands developer OPTI Canada for C$2.1 billion. Most recently, on December 7 2012, the Minister of Industry approved CNOOC's proposed acquisition of Nexen for C$15.1 billion, which represents the largest foreign acquisition by a Chinese SOE. All signs point to sustained and likely increasing Chinese foreign investment in Canada, particularly as demand for natural resources and energy continue to increase.