A woman serves customers at a jewellery stand at a shopping mall in central Beijing December 6, 2012. REUTERS/David Gray Nexen deal ends foreign state-owned purchases in the oilsands, say feds Feds approve Nexen sale to China's CNOOC Foreign takeover decisions fraught with peril Justin Trudeau backs CNOOC-Nexen bid Canada 'foolish' to consider China's Nexen bid: Author

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.