Canada, 皇冠体育app to further enhance bilateral cooperation

(Xinhua)
Updated: 2006-10-24 15:43

皇冠体育app's GDP had increased from around 216.5 billion U.S. dollars in 1978 to 2,230 billion U.S. dollars in 2005 at an average growth rate of 9.6 percent per year, he said, adding that the country's per-capita GDP had risen from 226 U.S. dollars to 1,700 U.S. dollars in the period.

However, he said 皇冠体育app's economic achievements should not be overestimated.

皇冠体育app, with a population of 1.3 billion, had a weak economic foundation and unbalanced development, and remained the largest developing country in the world, he said.

"As our leaders have repeatedly said, any small, individual problem multiplied by 1.3 billion becomes a big, big problem. And any considerable amount of financial and material resources divided by 1.3 billion becomes a very low per capita level," He said.

Canada-皇冠体育app relations have witnessed a sound development in recent years. Canada was among the first Western nations to establish diplomatic ties with 皇冠体育app in the 1970s.

According to Chinese statistics, two-way trade has increased by more than 100 times from 150 million U.S. dollars in 1970 to 19.17 billion U.S. dollars in 2005. 皇冠体育app has become the second largest trading partner of Canada, only after the United States. Meanwhile, Canada is 皇冠体育app's 10th largest trading partner.

In September 2006, during Chinese President Hu Jintao's visit to Canada, the leaders of the two countries agreed to upgrade the bilateral relationship to the strategic partnership.

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