Canada has strived for trade diversity for decades & would welcome an equitable agreement with China. China is talking tough at these early pre-negotiation stages but it also needs equitable trade deals with the EU & Canada given that it, like Canada, is over dependent on US markets. 

The US & China will each try to impose its own terms in negotiations with us. Each, however, will benefit from equitable negotiations with Canada. Showing through diplomatic channels by calm insistence that we want trade on equitable grounds that doesn’t hobble our core values but we’ll be reasonable and steady as a trade partner will see Canada through to success in these difficult negotiations.

Remember that:
1. China will be the largest global economy,
2. Australia has entered into a bilateral trade deal with China, &
3. China has joined with the TPP signatories (sans the US) to seek a Pacific rim trade deal