Wynne inks $1B in business deals for Ontario as China mission starts
Premier Kathleen Wynne is touting $1 billion in new contracts with China and these will reportedly create more than 1,100 jobs in Ontario.

TheStar.com
Nov. 27, 2017
Robert Benzie

Premier Kathleen Wynne is touting $1 billion in new contracts with China that will create more than 1,100 jobs in Ontario.

Wynne, on a two-week trade mission to China, Hong Kong, and Vietnam, announced in Nanjing that some 33 separate business agreements had been reached since she arrived Friday.

“The partnerships we’ve created today reinforce our shared commitment to collaboration, ensuring our businesses can continue to innovate and grow in a rapidly changing global economy,” Wynne said in a statement Monday.

Xinyi Glass Holdings has chosen Ontario to locate its first factory in North America, a $450-million commitment that will create 400 jobs here.

International Trade Minister Michael Chan noted another 700 jobs will come from 32 other deals inked so far on the trip.

“Today’s signings in Jiangsu build on the success of previous missions and are a testament to the strength of our economic and cultural partnership over the past 30 years,” said Chan, hailing the fact that Ontario has created “the right conditions for businesses to succeed at home, while helping them start or scale up their export capacity.”

Ontario firm, Ownace International Group, signed a $10-million agreement with Shanghai Golden Wing Industrial to market their “Ontario-grown premium food ingredients.”

As well, Hamilton’s McMaster University reached a $5-million agreement with Dajiang Environmental Corporation on clean water technology.

Toronto-based Geneseeq, a health company specializing in personalized cancer care that has facilities in China, announced there that it is investing $15 million to expand its headquarters in Toronto’s MaRS Discovery District to create 50 jobs.

More than 100 corporate and academic delegates from Ontario are travelling with Wynne to boost trade.

It’s the premier’s third mission to China since she took office in February 2013. On the 2015 trip. there were $1.7 billion in contracts signed. while in 2014 there were $966 million worth of deals inked.