Fundamentally, our view on cutting individual taxes is that cutting personal income taxes is probably a better boost to productivity than cutting sales taxes.
I think it's a bit of a stretch to think that by cutting a tax in Canada, somehow we've done something of benefit to China. China really has its own act together in bringing about ongoing economic reform. There are clearly competitive challenges for Canadian manufacturers, in particular, because of the new competition they're facing from China. But I would take that back to the work we're going to do over the course of this year on what we think is the optimal tax system for Canada and on the kinds of choices governments at all levels are going to have to make.
Among economists, it's very clear that you get much more of a productivity boost from cutting corporate income tax and personal income tax--things that are barriers to investment--than from cutting the GST.