Yet the Chinese are borrowing at an incredibly increasing rate. They've more than doubled the rate of foreign exposure they're using right now within China. Is that all starting to balance itself out? As they normalize the currency, I'm just looking.... You're assuring us that the risk of exposure is so incredibly low for our central bank, but $30 billion is a lot of money to put on the line. They don't want to call it a backstop, by the way, they just want to call it a certain amount of money that's out there to give confidence, I suppose, to the markets.
Mr. Harder, you worked in Foreign Affairs for many years. I think you were trying to describe somewhat the relationship, the on-again, off-again—I don't want to load the term—Canadian relationship, this government's relationship with China, and that certain things take a while.
Could you potentially forward to the committee that study you talked about on what sectors are open for trade? We don't deal with international trade that often and it would be insightful for us.
Am I fair in describing the Chinese perception of Canada's willingness or openness to engagement as on-again, off-again? Is that too extreme a point of view?