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China and Canada aim to double their bilateral trade to 60 billion U.S. dollars by 2015. Chinese President Hu Jintao announced the target during a meeting with Canadian Prime Minister Stephen Harper in Ottawa.
Hu Jintao says ties between the two countries have produced great accomplishments in various fields over the past 40 years. China has become Canada's second largest trading partner. Increased trade and cooperation between the two countries have reaped mutual benefits.
In a deal announced this week, Canada's largest natural gas producer Encana and China National Petroleum Corporation agreed to negotiate a joint venture. The project centers on the development of Encana's shale-gas properties in northern British Columbia.
President Hu Jiantao will travel to Toronto for the G-20 summit this weekend. Discussions are expected to focus on securing the global economic recovery, and addressing economic challenges and risks.