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CCCA_V7No1_CoverStory-FIN_CCCA 2/12/13 4:56 PM Page 33 China Cover Official Title: Language(s): Mandarin Chinese, the Chinese are getting,’ but the far more People’s Republic of China Cantonese, other languages important question is, ‘What are we get- ting from it?’ Barutciski says. General Information Trade and Investment (2011) “What the Chinese are getting is a Capital: Beijing Canadian exports to country: guarantee that we’re going to act accord- Population (million): 1,347.35 $16,809,661,570 ing to our traditions, laws and in the way Total Area: 9,600,000km2 Canadian imports from country: we have behaved for the past 100 years… Currency: 1 CAN$ = $48,152,674,921 they’re not getting a lot more, just a guar- 6.53 Renminbi (CNY)(2011) FDI in Canada: $10,905 million antee it’ll stay that way. On the other CDI in China : $4,463 million hand, Canadian businesses are getting Economic Information (2011) access to a whole list of guarantees and, Please note that the economic statistics reflect Canadian dollars and the yearly equally importantly, access to a remedy averages for the year. If listed as ’0’ or absent, the statistic is currently unavailable. — an independent decision-maker, M China Canada through arbitration, and a binding deci- GDP: ($ billion) 7,218.37 1,719.95 sion in damages — that a Canadian GDP per capita: ($) 5,357.46 49,944.08 investor simply did not have.” GDP growth rate: (%) 9.24 2.41 Inflation: (%) 5.42 2.89 Pablo Fuchs is a freelance writer based Unemployment: (%) 4.1 7.47 in Toronto. SOURCE: STATISTICS CANADA, IMF PRINTEMPS 2013 CCCA Canadian Corporate Counsel Association 33