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February 10, 2026

Daily Briefing — 2026-02-10

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CHINA COMPASS
Briefing · 2026-02-10 · 20 signals
Canada-China bilateral trade (November 2025)
$11.3B
Imports
$7.3B
Exports
$4.0B
📋 Today's Briefing

Canada-China relations remain stable, with the Tension Index dropping to 1.9/10. Bilateral trade figures for November 2025 show a slight increase, with Canada's exports to China reaching $4.0B CAD and imports from China totaling $7.3B CAD, resulting in a trade deficit of $3.3B CAD.

Despite the overall low tension, several high-profile signals emerged today. China expressed strong opposition to foreign criticism of Hong Kong, particularly in the context of the Jimmy Lai case. Additionally, China's disinformation machinery targeted the Dalai Lama, employing the Epstein Files as a tool in its information war.

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🔔 Top Signals
⚖️ legal
China opposes foreign defamation of Hong Kong under pretext of Jimmy Lai case: spokesperson
Why it matters
China has firmly opposed foreign countries and institutions using cases like Jimmy Lai for Hong Kong as a pretext to maliciously smear it, interfere in its domestic affairs, and undermine its rule of law.
→ China reaffirmed that Hong Kong's governance is free from foreign interference and upheld "one country, two systems." The Chinese government stresses its commitment to safeguarding national sovereignty and implementing the policy while urging others to respect China's internal affairs.
Xinhua · 2026-02-10
👥 social
The Epstein Files and China’s Information War Against the Dalai Lama
Why it matters
China’s disinformation machinery kicked into high gear to launch its latest attack against the Tibetan spiritual leader.
The Diplomat
🛡️ military
US containerized drone swarms no silver bullet vs China
Why it matters
US military launches efforts to deploy containerized drone swarms for future warfare.
→ However, the effectiveness remains questionable as a genuine transformation or quick fix given recent battlefield experiences and the nature of near-peer rivals' drone capabilities.
Asia Times
🤝 diplomatic
Ports dispute hurts investors’ confidence in Panama, Hong Kong leader warns
Why it matters
Panama's court decision to void HK Hutchison's ports contract has hurt investor confidence.
→ Chief Executive John Lee of Hong Kong warned this decision undermines Panama’s credibility, damaging its business environment and disrupting international trade rules.
Hong Kong Free Press
📈 economic
Chinese scientists report first likely sighting of black hole devouring white dwarf
Why it matters
Chinese astronomers claim to have detected the first direct evidence of a mid-sized black hole consuming a white dwarf.
→ Follow-up observations revealed rapid brightness drops, leading researchers to conclude it was most likely caused by a white dwarf being destroyed by a black hole tens of thousands times more massive than the Sun.
ECNS · 2026-02-10
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📊 Market Snapshot
▲ Top Gainers
WuXi Biologics HK$40.02 ▲ +4.65%
CNOOC HK$24.64 ▲ +2.67%
BYD Company HK$95.80 ▲ +2.41%
▼ Top Losers
Bank of China HK$4.72 ▼ +0.43%
XPeng Inc HK$69.05 ▼ +0.07%
Tencent Holdings HK$551.00 ▼ -1.61%
💱 Currency Rates
USD/CNY 6.91 ▼ -0.39%
CAD/CNY 5.10 ▲ +0.29%
USD/CAD 1.36 ▼ -0.66%
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China Compass
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