2nd China-Canada Business Summit Successfully Held in Nova Scotia, Canada

[Source]    Confucius Institute at Saint Mary’s University [Time]    2019-06-06 13:09:35 

On May 30th, local time, the 2nd China-Canada Business Summit was successfully held at Saint Mary's university in Nova Scotia, Canada. The summit was jointly sponsored by the Confucius Institute at Saint Mary's University, Canada-China Business Council (CCBC), Nova Scotia Business Inc.(NSBI), Saint Mary's University as well as School of Business of Saint Mary's University. More than 70 entrepreneurs, chambers of commerce and scholars from Chinese and Canadian business circles attended the summit. Focusing on the theme of “Learning How to do Business in China”, the summit centered on the business sector and launched workshops for e-commerce, finance, negotiations and human resources. Scholars from both China and Canada commented on the current situation and future of China’s macro-economy and its impact on Canada-China trade, and exchanged views with the business people present at the summit.

At the beginning of the summit, Robert Summerby-Murray, President of Saint Mary's University, delivered a keynote speech expressing his gratitude to the host organization of the summit and the Confucius Institute at Saint Mary's University for their important roles in facilitating the summit. He stressed that the Canada-China relations will develop towards a promising future in the long run, and pointed out that cultural exchanges, especially people-to-people exchanges, will improve the relations between the two countries. He also mentioned that the opening ceremony of the Canada-China Business Council Atlantic Conference held on the May 29th, is almost simultaneous with the preparations for the China-Canada Business Summit, which is also the first of its kind held after the establishment of the Atlantic Council.

Robert Summerby-Murray delivering a speech

Laurel Broten, CEO and Chairman of Nova Scotia Business Corporation (NSBI), pointed out in her speech that China is Canada’s second largest business partner, and the largest importer and exporter to Halifax port in Canada. In 2018, Canada’s seafood export to China increased by 36% and the growth is expected to continue. She stressed that, as Nova Scotia has a large number of small and medium-sized enterprises, Canada-China business relations have significant influence on small and medium-sized enterprises, and the growth of seafood exports to China will bring opportunities to many small and medium-sized enterprises.

Laurel Broten delivering a speech

During the session of the workshop and master class, Claire Zhang, Interim President of the Canada-China Business Council Atlantic Conference, introduced the e-commerce development in China, and gave special priority to the introduction of e-commerce channels such as Tmall, JD.com and VIPSHOP, emphasizing that the large-scale e-commerce platforms serve as effective pathways to get access to Chinese market. Joseph Cook, Chairman of Web Presence in China, presented how to make use of his company’s data analysis technology to help Canadian customers establish economical, effective and targeted e-commerce channels in China through detailed data analysis and case analysis. Luc Hartwick, Director of the Royal Bank of Canada (RBC), gave an introduction to Route86 project, co-established by RBC and the Canadian Export Development Bank (EDC), which aims to help Canadian brands establish online channels in China and provide them with financial support.

Luc Hartwick delivering a speech

In the keynote discussion session, Ed Steeves, Vice President of the Canada Export Development Bank Atlantic Region, talked about risk management, settlement methods and the things that need to pay attention to upon entering the Chinese market, and answered questions from the entrepreneurs present at the summit. When answering questions, Hartvik pointed out that enterprises could set up RMB accounts in Canada and the account settlement shall be carried out by the Industrial and Commercial Bank of China. Riven Zhang, President of MotionPay, displayed China’s cashless society through vivid videos and examples as well as his company’s products. These products enable consumers who are accustomed to using mobile payment in China to use WeChat, Alipay and Unionpay’s mobile payment service in Canada as well.

Ed Steeves delivering a speech

The afternoon activities kicked off with Chinese and Canadian scholars introducing China’s macroeconomic situation and answering questions from the audience. Wang Wenping, the professor of Shandong University of Finance and Economics, pointed out through his analysis and summary of the latest statistical data that China's economy is generally stable but with a downward trend under the background of the trade war. However, thanks to China's huge market and large population, there won’t be any serious problems. Wang Xiaoguang, President of Beijing Rongzhi Research Institute for Corporate Social Responsibility, talked about China's relevant reform measures and policies under the context of supply-side structural reform and within the framework of the United Nations sustainable development goals. Mohammed Rahman, Chief Scientist of Canada Research Chair and Associate Professor of Sobey School of Business, analyzed the influence of China’s economic rise on the world by utilizing the bank data, and put forward strategies on how Canada and Nova Scotia should deal with the changes. Harjeet·Bhabra, Dean of Sobey School of Business and Director of the Confucius Institute at Saint Mary's University, summarized the speeches of the scholars and expressed his gratitude to the Chinese scholars coming from afar.

Wang Wenping delivering a speech

Harjeet·Bhabra delivering a speech

The master classes that followed were equally brilliant. Jean-Luc·Hébert, Vice President of SAIMEN Entertainment International Department, shared his negotiating strategies of doing business in China. He pointed out that understanding Chinese culture is of great help for the smooth progress of negotiations with Chinese counterparts. Danielle Jiang, President of DJM Asia, presented the policies and procedures for agricultural product export and explained the matters needing attention in the form of specific examples. Catherine Zhu, the partner of Egon Zehnder Consulting Company, gave strategies to the Canadian companies on how to enter the Chinese market from the perspective of talents, and pointed out that seeking entrepreneurial partners can be more effective in opening up the Chinese market and adapting to the Chinese business environment than merely recruiting professional managers.

Jean-Luc·Hébert delivering a speech

Some guests

The China-Canada Business Summit is one of the series activities with business features of the Confucius Institute at Saint Mary's University. Participants also learned about other business-related activities and curriculums of the Confucius Institute through the brochures.

Story by Wu Ji