Tories hope Chinese economy will open further

A woman serves customers at a jewellery stand at a shopping mall in central Beijing December 6,...

A woman serves customers at a jewellery stand at a shopping mall in central Beijing December 6, 2012. REUTERS/David Gray

Daniel Proussalidis, Parliamentary Bureau

, Last Updated: 4:53 PM ET

With Chinese government-owned CNOOC getting the thumbs-up to buy its way into the oilsands, the feds are raising hopes that the Chinese economy will become more open to private Canadian investment.

"The Chinese government said to our government that they are seeking, of course, a win-win outcome," Industry Minister Christian Paradis told Sun News Network on Saturday. "We believe they will have a pragmatic approach and this is what we want."

Late Friday, the feds approved CNOOC's $15.1 billion bid to buy out Canadian oil company Nexen, along with Malaysian state-owned Petronas's takeover of natural gas player Progress Energy.


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