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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.