China Awards $8.2 Billion RQFII Quota, Swap Deal to Canada
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China gave a 50 billion yuan ($8.2 billion) quota to Canada under the Renminbi Qualified Foreign Institutional Investor program as Prime Minister Stephen Harper visited Beijing and signed deals to boost economic ties.
The two sides signed deals worth almost C$2.5 billion ($2.2 billion), agreements that will create thousands of jobs in Canada, Harper said. Separately, China’s State Council also approved a three-year C$30 billion currency swap agreement with Canada, the People’s Bank of China said in a statement on its website today.