Ontario’s Total New Investments from China: Almost $1 Billion Will Create 1,800 Canadian Jobs

This is an update to the previous blog, Ontario Secured About $572 Million Investment Projects from China to Create up to 570 Canadian Jobs.

The following new agreements signed on October 31, 2014, as part of Premier Kathleen Wynne’s mission to China will bring 850 new jobs to Ontario communities:

  • Yiwu North America Corporation announced a $100-million investment to establish a new trading centre in Whitchurch-Stouffville.
    • The centre will serve as a hub for international manufacturers and distributors to market their products in North America.
    • The first phase of the project is expected to create 800 jobs.
  • Respon International, in a joint venture with Love & Health Venture Capital, will develop the Respon Financial Plaza and offer financial management and services in Canada.
    • The company will invest $9 million and create 50 new jobs.
  • Tourism Toronto signed an agreement with Perfect China to hold its annual convention in the city in 2016.
    • Perfect China markets health food, household and beauty products internationally.
    • The value of this opportunity is $25 million and will bring 5,000 Chinese visitors to Toronto.
Premier Kathleen Wynne successfully concludes her trade mission to China after telecom giant Huawei announced it will invest $210 million to create 325 jobs in Ontario over the next five years. Image extracted from video below.
Premier Kathleen Wynne successfully concludes her trade mission to China after telecom giant Huawei announced it will invest $210 million to create 325 jobs in Ontario over the next five years. Image extracted from video below.

New deals announced on November 1, the final day of the mission, included:

  • Huawei, one of the world’s leading telecommunications technology companies. Huawei’s Canadian headquarters is in Markham.
    • The company is planning a major expansion in Ontario valued at up to $210 million over the next five years.
    • The investment will create up to 325 new jobs in Ontario, including approximately 250 positions for engineers and researchers and at least 75 new marketing, sales and support positions.

Ontario delegates signed 26 agreements during the week-long mission.

  • This mission builds on Minister of Research and Innovation Reza Moridi’s science and technology mission to China in March 2014, which resulted in 12 new collaboration projects between Ontario and Chinese research institutions and industry partners.

Ontario attracted a total of $966 million in new investment by Chinese companies during Premier Kathleen Wynne’s mission to China. These projects will create 1,800 jobs in communities across the province.

This video presents Chinese telecom giant to invest $210M in Ontario, creating 325 jobs.

Nov 1, 2014

“BEIJING—Premier Kathleen Wynne is concluding her trade mission to China with a bang after telecom giant Huawei announced it will invest $210 million to create 325 jobs in Ontario over the next five years.”

NEWS RELEASE

Premier’s China Trade Mission Helps Ontario Businesses Grow

Ontario Secures Almost $1 Billion in New Investments to Create More Than 1,800 Jobs

Office of the Premier

Ontario attracted $966 million in new investment by Chinese companies during Premier Kathleen Wynne’s mission to China. These projects will create 1,800 jobs in communities across the province.

This includes a new deal announced today, the final day of the mission, at the Beijing research and development centre of Huawei. One of the world’s leading telecommunications technology companies, Huawei’s Canadian headquarters is in Markham. The company is planning a major expansion in Ontario valued at up to $210 million over the next five years. The investment will create up to 325 new jobs in Ontario, including approximately 250 positions for engineers and researchers and at least 75 new marketing, sales and support positions.

Throughout the trade mission, Premier Wynne led representatives from about 60 Ontario companies and organizations specializing in clean tech and science and technology. Together with Brad Duguid, Minister of Economic Development, Employment and Infrastructure, and Michael Chan, Minister of Citizenship, Immigration and International Trade, the Premier promoted opportunities for more partnerships between Ontario and China.

During stops in Nanjing and Shanghai, the Premier met with political and business leaders — the Party Secretary of Jiangsu, Luo Zhijun, the Vice Governor of Jiangsu, Xu Ming, and the Vice Mayor of Shanghai, Ai Baojun — to discuss opportunities for Ontario and China to collaborate further in the business and academic worlds. She also met with the Minister of Science and Technology, Wan Gang, Assistant Minister of Commerce, Wang Bingnan, and Vice Chairman of the State Assets Supervision and Administration Commission, Huang Shuhe.

She also joined PEI Premier Robert Ghiz and Québec Premier Philippe Couillard for the Council of the Federation mission in Beijing. The Premiers met with key decision-makers to strengthen Canada’s ties with China.

Attracting new investments and helping the province’s businesses compete globally is part of the government’s economic plan for Ontario. The four-part plan is building Ontario up by investing in people’s talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives, and building a secure savings plan so everyone can afford to retire.

Quick Facts

  • Ontario delegates signed 26 agreements during the week-long mission.
  • During the mission, Premier Wynne visited renowned landmarks in China, including The Great Wall and The Forbidden City.
  • This mission builds on Minister of Research and Innovation Reza Moridi’s science and technology mission to China in March 2014, which resulted in 12 new collaboration projects between Ontario and Chinese research institutions and industry partners.
  • The 2014 China mission is part of Ontario’s Going Global Trade Strategy to increase the province’s international profile in support of the government’s economic plan.

Quotes

“This mission has been a great success. We have attracted new investments that will create good jobs across the province and strengthened our relationship with China. I look forward to future trade missions that will continue to help Ontario businesses grow and compete globally.”
Kathleen Wynne
Premier of Ontario

“This successful mission reinforced the strength of Ontario’s companies and the Ontario brand globally. These investments confirmed that China values the skills of our people and our made-in-Ontario innovations.”
Michael Chan
Minister of Citizenship, Immigration and International Trade

“The close to $1 billion in investment and the 1,800 jobs generated from this successful mission to China will build on our efforts to create jobs and build a strong economy by going global. Ontario is competing and winning in the global economy.”
Brad Duguid
Minister of Economic Development, Employment and Infrastructure

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