High prices by historical standards have encouraged investment into a pipeline of new projects and restarts, which will continue to come online in 2021, Fitch forecasts.
In 2013, 45% of Canadian surveyed said they felt Chinese investment would benefit Canada. In 2014, that number dropped to 35% in 2014, the lowest in a decade.
China is switching attention to its own back yard which could be described as the maximum boundaries of Genghis Khan’s empire in the thirteenth century, from the Bering Strait to the gates of Jerusalem.