China important to Canada: Oliver

China has been identified as a priority market in Canada's Global Markets Action Plan because "China is soaring onto the world stage in an unparalleled way", Canadian Minister of Finance Joe Oliver said.

Oliver was speaking at the Canada China Financial Summit 2015 on Wednesday in Toronto.

This year marks the 45th anniversary of diplomatic relations and the 10th anniversary of the strategic partnership between China and Canada. Also, 2015-2016 is the Year of Cultural Exchanges between Canada and China.