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July 12, 2026

Daily Briefing — 2026-07-12

China Compass Daily Briefing

 
CHINA COMPASS
Briefing · 2026-07-12 · 14 signals
Canada-China bilateral trade (May 2026)
$11.9B
Imports
$7.8B
Exports
$4.1B
📋 Today's Briefing

Canada and 13 other governments have issued a joint statement on the 10th anniversary of the Philippines-China South China Sea Arbitral Tribunal Award. The statement, released by Global Affairs Canada, reaffirms the importance of upholding international law and maintaining peace and stability in the region.

In other news, a senior official from the Communist Party of China (CPC) highlighted the significance of studying Xi Jinping Thought to understand contemporary China. Li Shulei emphasized the role of Xi's ideology in shaping the country's development and global standing.

Additionally, the People's Daily editorial commented on China's progress towards becoming a science and technology powerhouse by 2035. The article stressed the importance of the current '15th Five-Year Plan' period in achieving this goal.

The bottom line: Today's signals indicate a continued focus on international relations and China's technological advancement. Stay tuned to China Compass for the latest updates on Canada-China relations.

China Compass is your daily intelligence briefing, tracking Canada-China relations, trade, and geopolitical signals. Visit www.chinacompass.ca for more.

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🔔 Top Signals
🏛️ political
Joint Statement on the 10th anniversary of the Philippines-China South China Sea Arbitral Tribunal Award
Why it matters
On the 10th anniversary of the Philippines-China South China Sea Arbitral Tribunal Award, a joint statement was released by multiple governments including Australia, Canada, Estonia, Germany, Italy, Japan, Latvia, Lithuania, New Zealand, the Philippines, Romania, Slovenia, the UK, and the USA.
Global Affairs Canada · 2026-07-11
💻 technology
Commentary by the Editorial of People's Daily: Moving Forward Resolutely Toward the Goal of Building a Science and Technology Powerhouse by 2035 —— On Learning and Implementing the Important Speeches Given by Xi Jinping at the National, Two Sessions of Chinese Academy of Sciences and Chinese Academy of Engineering, and the Tenth National Congress of Chinese Association for Science and Technology
Why it matters
It is only nine years before the establishment of a scientific and technological power in 2035.
→ "Enhance the systematic ability of scientific and technological innovation", "promote the in-depth integration of scientific and technological innovation and industrial innovation", "vigorously train outstanding young scientific and technological talents", "improve the efficiency of scientific and technological innovation investment", "use science and technology to evaluate the command baton" and "strengthen scientific and technological ethics and safety governance"....
State Council · 2026-07-12
🏛️ political
Studying Xi Jinping Thought is key to understanding contemporary China, senior official says
Why it matters
The CPC has achieved significant historic achievements under Comrade Xi's leadership since the 18th CPC National Congress in 2012, and is open to...
→ This was stated during meetings with foreign representatives attending an international symposium on the thought in Beijing.
Xinhua
💻 technology
What is a new power grid, and how to build it?
Why it matters
As an important infrastructure supporting China's modernization and new industrialization, a new power grid has been included in this significant deployment.
→ From a distance at the Changzhou Converter Station in Hefei, Anhui Province, silver-gray ultra-high-voltage towers stretch continuously towards the northwest for thousands of kilometers, with one end connecting to the converter station under thein Yan'an and the other deep within the Dabie Mountains.
Xinhua · 2026-07-12
⚖️ legal
Zhang Qingwei led a delegation to Guizhou to conduct an enforcement check on the Tourism Law.
Why it matters
On behalf of the Law Enforcement Inspection Team, Zhang Qingwei fully affirmed the significant achievements made by Guizhou Province in implementing the Tourism Law of the People's Republic of China.
→ The site of the symposium...
全国人大 · 2026-07-12
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📊 Market Snapshot
▲ Top Gainers
BYD Company HK$84.90 ▲ +2.72%
WuXi Biologics HK$37.96 ▲ +2.43%
JD.com HK$110.20 ▲ +2.32%
▼ Top Losers
Ping An Insurance HK$53.05 ▼ -0.38%
China Petroleum HK$4.06 ▼ -0.73%
Tencent Holdings HK$460.20 ▼ -2.00%
💱 Currency Rates
USD/CNY 6.77 ▼ -0.37%
CAD/CNY 4.77 ▼ -0.45%
USD/CAD 1.42 ▼ -0.07%
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