Organized by the team of Transnational Corporations Review (TNCR), during May 27 and June 4, 2015, a delegation from China’s six universities came to Canada for attending China Special Sessions at the Canadian Economics Society’s 49th Annual Conference at Ryerson University in Toronto, and then visited Sprott School of Business at Carleton University in Ottawa, and HEC Montreal.
Transnational corporations through their trade, investment and innovation activities have been key drivers of the national economy and are playing an increasingly important role in sustaining economic vitality and dynamism. Canada’s outward FDI stock has increased at a significantly faster pace than its inward FDI stock, reaching US$ 715 billion in 2012 compared to US$ 85 billion in 1990. Chinese companies remained an important driver of global mergers and acquisitions activity in 2014, featured by a rise of 27% in outbound investment in the service sector.
The participated institutions from China included Chongqing University, Dongbei University of Finance and Economics, Hubei University, South China Normal University, Southwestern University of Finance and Economics, and Xi’an University of Technology. The featured presentations covered the banking crises and the impacts on trade; financing technology and role of government; institutional investor holdings and company performance; international and domestic trade in China; intra-industry trade and manufacturing; macro mechanisms of Chinese OFDI; mobility and economic importance of corporate headquarters and not all job demands are equal.