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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
China has pledged to fully implement the Declaration on the Conduct of Parties in the South China Sea (DOC) and work towards an early conclusion of a Code of Conduct (COC) with ASEAN countries. This commitment, made by a Chinese delegation in Manila, aims to maintain peace and stability in the region. In other news, China has expressed opposition to new US tariffs, warning against trade wars. The US has imposed tariffs ranging from 10% to 12.5% on China and 59 other countries, citing forced labor concerns. Beijing's response comes amid rising tensions between the two economic giants. Additionally, Foreign Minister Wang Yi attended the China-ASEAN Foreign Ministers' Meeting in Manila, where he highlighted cooperation achievements under their comprehensive strategic partnership. The meeting discussed the signed Free Trade Area 3.0 Upgrade Protocol, steady trade growth, and mutual disaster relief. The bottom line: China's commitment to the DOC and COC with ASEAN countries is a significant development, signaling a potential de-escalation of tensions in the South China Sea. Meanwhile, the ongoing trade tensions between China and the US continue to pose challenges to global trade. Stay informed with China Compass, your daily intelligence briefing on Canada-China relations. Visit www.chinacompass.ca for more insights.
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🔔 Top Signals
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🏛️ political
China will fully implement the DOC and strive for an early conclusion of the COC with ASEAN countries: Chinese delegation
Why it matters
MANILA, July 24 (Xinhua) -- China will continue to fully and effectively implement the Declaration on the Conduct of Parties in the South China Sea with ASEAN countries and work toward the early conclusion of a Code of Conduct, to jointly maintain peace and stability in the South China Sea region, said the Chinese delegation here.
Xinhua · 2026-07-24
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📦 trade
China says it opposes new US tariffs and warns against trade wars.
Why it matters
Beijing condemned fresh US tariffs imposed on China and 59 other countries over alleged forced labor concerns on Friday and warned Washington against waging a trade war.
→ After Trump visited Beijing this year, China said it would work with the United States on reducing tariffs, but the latest levies threaten to renew trade tensions.
Hong Kong Free Press
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🤝 diplomatic
Regular Press Conference of Foreign Ministry Spokesperson Lin Jian on July 23, 2026
Why it matters
Foreign Minister Wang Yi attended the China-ASEAN Foreign Ministers’ Meeting in Manila, discussing cooperation achievements under their comprehensive strategic partnership over five years, including the signed Free Trade Area 3.0 Upgrade Protocol, steady trade growth, and mutual disaster relief.
→ He proposed four initiatives to further enhance regional peace, development, and people-to-people ties.
MFA China · 2026-07-23
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👥 social
The 15th Five-Year Plan for the Revitalization and Development of Traditional Chinese Medicine draws a new blueprint for Chinese gems
Why it matters
Building a healthy China by 2035 is a strategic decision made by the Party Central Committee with Comrade Xi Jinping at its core, and the "15th Five-Year Plan" period is a critical period for achieving this goal.
→ To build a healthy China, there is an urgent need to give full play to the unique advantages of traditional Chinese medicine in disease prevention and control....
Xinhua · 2026-07-24
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🏛️ political
Opinions on Strengthening Social Work in the New Era issued by the Central Committee of the Communist Party of China and the State Council
Why it matters
The Opinions point out that social work is an important part of the work of the Party and the country.
→ Adhere to and strengthen the Party's overall leadership of social work, adhere to the people-centered approach, follow the Party's mass line in the new era, adhere to and develop the "Fengqiao Experience" in the new era, improve the social governance system of joint construction and shared governance, focus on the construction of new economic organizations, new social organizations, and new employment groups, continuously enhance the Party's appeal and cohesion in emerging areas, improve party building to lead grassroots governance and grassroots political power building, and do a good job Concentrate on serving the masses, unswervingly follow the road of socialist social governance with Chinese characteristics, promote the high-quality development of social work in the new era, promote high-quality development and a high level of safe and benign interaction with high-efficiency governance, and better serve and safeguard the overall work of the Party and the country....
State Council · 2026-07-24
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📊 Market Snapshot
▲ Top Gainers
| PetroChina |
HK$10.21 |
▲ +0.99% |
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| China Construction Bank |
HK$8.78 |
▲ +0.46% |
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▼ Top Losers
| Tencent Holdings |
HK$434.60 |
▼ -2.38% |
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| NIO Inc |
HK$36.66 |
▼ -2.81% |
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💱 Currency Rates
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