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Canada-China bilateral trade (May 2026)
$11.9B
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Imports
$7.8B
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Exports
$4.1B
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📋 Today's Briefing
The United States has taken a significant step by ending its state of emergency over the perceived security threat posed by China's national security law in Hong Kong. This decision, confirmed by U.S. officials, marks a shift in the approach to the region and could have implications for Canada-China relations. In other developments, China's top diplomat, Wang Yi, held separate meetings with guests from Indonesia, Lesotho, and Dominica, focusing on artificial intelligence cooperation. This diplomatic engagement highlights China's interest in AI collaboration on the global stage. Additionally, President Xi Jinping's speech at the World Artificial Intelligence Conference emphasized the importance of shared prosperity and common security, a key message for China's AI governance. The bottom line: The U.S. decision on Hong Kong may impact Canada's approach to the region, while China's diplomatic and AI initiatives signal its global ambitions. Keep an eye on how these developments influence Canada-China relations. China Compass provides daily insights on Canada-China relations. Visit www.chinacompass.ca for more.
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🔔 Top Signals
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📦 trade
The US ends its state of emergency over Hong Kong security threat
Why it matters
The United States has chosen not to extend its state of emergency over what it deemed threats posed by Beijing’s hardline national security law in Hong Kong, U.S.
→ Trump had declared a national emergency at the time, with an order stating that China’s actions to undermine Hong Kong’s autonomy contributed to an “unusual and extraordinary threat” to U.S.
Hong Kong Free Press
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🤝 diplomatic
Wang Yi met with guests from Indonesia, Lesotho, and Dominica separately.
Why it matters
Yang Yi met with guests from Indonesia, Lesotho, and Dominica separately, discussing artificial intelligence cooperation and bilateral relations.
→ In his meeting with Henderson, he mentioned the willingness to deepen coordination and cooperation with developing countries within the World Artificial Intelligence Cooperation Organization.
State Council · 2026-07-19
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💻 technology
Promoting Shared Prosperity and Maintaining Common Security —— Attendees Respond to President Xi Jinping's Important Speech at the Opening Ceremony of the 2026 World Artificial Intelligence Conference and the High-Level Meeting on Global Governance of Artificial Intelligence
Why it matters
Xinhua News Agency, Shanghai, July 18 (Xinhua News Agency): Promoting common prosperity and maintaining common security - President Xi Jinping's important speech at the opening ceremony of the 2026 World Artificial Intelligence Conference and High-level Conference on Global Governance of Artificial Intelligence elicited a warm response from the participants.
→ It was another vivid manifestation of China's drive to build a community with a shared future for mankind and implement global governance initiatives, and injected strong consensus and momentum to promote the healthy and orderly development of global artificial intelligence for the better benefit of all mankind....
State Council · 2026-07-19
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🏛️ political
Zhao Leji surveyed Gansu Province
Why it matters
Lanzhou, July 17 (Xinhua) -- Zhao Leji, member of the Standing Committee of the Political Bureau of the Central Committee of the Communist Party of China and chairman of the Standing Committee of the National People's Congress, conducted research in Gansu from 15 to 17 July.
→ Xinhua News Agency reporter Pang Xinglei...
全国人大 · 2026-07-19
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⚖️ legal
Lai Qingde: We must never allow "Democracy Taiwan" to backtrack and become "China Taiwan."
Why it matters
However, the most important asset along the way is not the victory or defeat of the election, but the right of the Taiwanese people to decide their own future.
→ Lai Qingde also said at the DPP annual meeting that Taiwan must remain vigilant in peacetime, pointing out that China is engaged in so-called "legal battles", such as the new "National Solidarity and Progress Promotion Law", which gives Beijing the basis to take action against foreigners....
RFI Chinese
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📊 Market Snapshot
▲ Top Gainers
| PetroChina |
HK$9.59 |
▲ +1.27% |
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| China Construction Bank |
HK$8.29 |
▲ +1.22% |
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| China Petroleum |
HK$4.26 |
▲ +0.47% |
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▼ Top Losers
| Tencent Holdings |
HK$461.60 |
▼ -4.63% |
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| WuXi Biologics |
HK$36.98 |
▼ -5.95% |
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| NIO Inc |
HK$37.78 |
▼ -6.58% |
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💱 Currency Rates
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