PA Chamber holds Chinese Investment Forum

By Sarah Wallace
July 18, 2013 - 12:17pm

The Prince Albert and District Chamber of Commerce held a forum on Wednesday which took a look at how Saskatchewan can invest in and with China.

William Wang, director of Great China Investment Attraction for the Ministry of Economy, who is in charge of bringing China investments into Saskatchewan, made three presentations at the forum.

Wang discussed how Saskatchewan can invest in China and what kinds of products the province could benefit from exporting overseas.

“With China becoming [the] world’s second largest economy they started looking for overseas investments and for Saskatchewan we really want more investment into [the province] to boost our economy,” Wang said.

He said in the past Chinese investors have been looking for natural resources, like potash or uranium and now, along with natural resources, Wang said they are pushing for investment in the province with things like agriculture and minerals.

Wang said they choose Prince Albert to host this forum because the city is very close to the forestry industry and uranium mines.

“There’s so many opportunities to grow in [this] region and we think that there are lots of projects coming from Prince Albert,” Wang said of why the Ministry came to the city.

He said when it comes to businesses looking to invest with China, the ministry acts “more like a bridge.”

“We bridge the gap … we also guide the companies who want to do business, we guide them step by step. We are here as a service and we are here to provide services to the community,” Wang said.

Merle Lacert, CEO of the Prince Albert and District Chamber of Commerce, said the forum is a part of the Chamber’s continuing effort to bring more information to the region.

“This was an exceptional opportunity to hear from Mr. William Wang … He completed three presentations, basically an overview of China, some of the investment opportunities that exist. A part of our focus was to get the information into our community and to try to raise the awareness of the opportunities that would hopefully create secondary questions that will then possibly benefit existing businesses, as well as to link some of those businesses to potential investors,” Lacert said.

Lacert said the Chamber always tries to focus on creating linkages or connections and that their priorities centre around economic development.

“Anything we can do to prosper our community, grow our community, strengthen investment is definitely of interest to the Chamber,” he said.

The forum was a way for not only the Chamber to gain new insights and gain more interest from other groups, but to allow members of the community to gain that information as well.

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