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July 31, 2026

Daily Briefing β€” 2026-07-31

China Compass Daily Briefing

Β 
CHINA COMPASS
Briefing Β· 2026-07-31 Β· 19 signals
Canada-China bilateral trade (May 2026)
$11.9B
Imports
$7.8B
Exports
$4.1B
πŸ“‹ Today's Briefing

China has issued a strong rebuke to countries stirring up tensions in the South China Sea, calling their actions "foolish" and highlighting the region's importance for global trade. This comes as the US Senate passes a sanctions bill targeting Russia, which could potentially impact oil trade with China and India.

In other news, a NATO intern in Belgium has been arrested on suspicion of spying for China, adding to the growing concerns over espionage activities. Meanwhile, China's Foreign Ministry Spokesperson Mao Ning addressed the recent migrant influx into Ceuta, Spain, expressing China's attention to the situation.

The bottom line: The South China Sea remains a flashpoint, with China's strong stance a reminder of its strategic importance. The US sanctions bill, if passed, could disrupt global oil trade, impacting China's energy security. The arrest of the NATO intern highlights the ongoing tensions between China and the West.

China Compass tracks the latest developments in Canada-China relations. Visit www.chinacompass.ca for more.

β—†
πŸ”” Top Signals
πŸ›οΈ political
Column: Countries stirring up tensions in the South China Sea are only fooling themselves.
Why it matters
by Shao Xia A decade after the illegal "South China Sea arbitration award," some countries issued a statement hyping it up again.
β†’ Each year, more than 500,000 merchant vessels transit the South China Sea; around 30 percent of global container traffic, 34 percent of liquefied natural gas, and 40 percent of crude oil traverse its waters; and more than a million civilian flights cross its airspace.
Xinhua Β· 2026-07-31
πŸ‘₯ social
How US Senate Russia sanctions could spell 100% tariffs for India, China
Why it matters
The "Lindsey O Graham Sanctioning Russia Act of 2026" cleared with near-unanimous support (86-12) and now heads to the House, potentially affecting global oil trade dynamics.
Al Jazeera
πŸ›οΈ political
Regular Press Conference of Foreign Ministry Spokesperson Mao Ning on July 31, 2026
Why it matters
According to reports, in recent days there has been a massive influx of migrants into Ceuta, Spain's North African enclave.
β†’ What is China's view on this situation?.
MFA China Β· 2026-07-31
βš–οΈ legal
NATO intern arrested in Belgium on suspicion of spying for China, source says
Why it matters
A Canadian NATO intern named Biwei Zhang (also known as Claire Zhang) was arrested in Belgium on suspicion of spying for China.
β†’ Statistics Canada is taking the matter seriously but declined to comment further.
Globe and Mail
πŸ“ˆ economic
He Lifeng held a video call with US Treasury SecretaryΒ· Trade Representative Roben Greil
Why it matters
The Chinese side's lead person He Liping held a video call with the US Treasury Secretary Bentsen and Trade Representative Gilrye.
β†’ The Chinese side expressed concern over recent US economic and trade restrictions and agreed, under the strategic guidance of their leaders, to strengthen communication and cooperation through the Sino-US economic and trade negotiation mechanism to promote the positive development of Sino-US economic and trade relations.
State Council Β· 2026-07-31
β—†
πŸ“Š Market Snapshot
β–² Top Gainers
Alibaba Group HK$117.00 β–² +4.65%
Baidu HK$105.90 β–² +3.72%
NIO Inc HK$38.82 β–² +3.52%
β–Ό Top Losers
JD.com HK$127.10 β–Ό -1.24%
CNOOC HK$23.82 β–Ό -1.49%
China Construction Bank HK$9.21 β–Ό -1.60%
πŸ’± Currency Rates
USD/CNY 6.74 β–Ό -0.39%
CAD/CNY 4.82 β–Ό -0.04%
USD/CAD 1.40 β–Ό -0.15%
View Full Briefing β†’
China Compass
Daily Canada-China updates by Aerial Capital Inc.
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