Canada and China are on a pragmatic path to establish an updated working relationship that could include private capital investments, says Jia Wang, senior fellow at the University of Alberta’s China Institute and a senior fellow at the Asia Pacific Foundation.

Last week, Canadian Finance Minister François-Philippe Champagne held several meetings with Chinese officials in Beijing to discuss trade opportunities and business alliances, following an official visit by Prime Minister Mark Carney in January.

“This level of engagement is a market reset from what the relationship has been for the past [eight-plus] years,” says Wang.

Read: Expert Panel: CPPIB taking steps to face shifting investment landscape in China

In a joint statement, Champagne, who was also accompanied by Bank of Canada Governor Tiff Macklem during the meetings, said both countries recognize “the important role the financial sector plays in economic growth and........

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