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Canada-China bilateral trade (June 2026)
$11.4B
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Imports
$7.4B
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Exports
$4.0B
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📋 Today's Briefing
China's State Council has released a statement highlighting Xi Jinping's Thought on Ecological Civilization, marking a new chapter in the country's environmental initiatives. This move comes on the heels of National Ecological Day and the implementation of the Ecological Environment Code. In other news, the State Council has also issued Decree No. 843, amending and abolishing certain administrative regulations. This decree, adopted at the 93rd executive meeting, aims to streamline administrative processes. Additionally, China's new energy vehicle (NEV) sales have surpassed 60% in July, a significant milestone in the country's automotive industry. The bottom line: China's focus on ecological development and regulatory reforms indicates a commitment to sustainability and efficiency. The NEV sales milestone highlights China's growing influence in the global automotive market. China Compass tracks daily Canada-China relations, trade, and geopolitical signals. Stay informed at www.chinacompass.ca.
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🔔 Top Signals
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🏛️ political
Xi Jinping's Thought on Ecological Civilization Leads the Way in Embarking on a New Chapter of Beautiful China Construction ——On the Occasion of National Ecological Day and the Implementation of the Code of Environmental Protection Law
Why it matters
Xinhua News Agency, Beijing, August 13 (Xinhua News Agency): Xi Jinping's ecological civilization thought leads a new chapter of the beautiful China construction spectrum - written on the occasion of the National Ecological Day and the implementation of the Ecological Environment Code.
→ The Ecological Environment Code of the People's Republic of China, adopted at the fourth session of the 14th National People's Congress, became the second law in China named after the" Code "after the Civil Code....
State Council · 2026-08-14
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⚖️ legal
Decree of the State Council on Amending and Abolishing Certain Administrative Regulations
Why it matters
Decree No.
→ The "Standardization Law of the People's Republic of China" and the "Law of the People's Republic of China on the Prevention and Control of Environmental Pollution by Solid Waste" in Article 56, Paragraph 1 of the "Interim Regulations on Express Delivery" shall be amended as the "Ecological Environment Law of the People's Republic of China" and the "Standardization Law of the People's Republic of China"....
State Council · 2026-08-14
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📦 trade
What do the two "firsts" breakthroughs in new energy vehicles mean?
Why it matters
In July, the sales share of new energy vehicles exceeded 60% for the first time, with an accumulated share surpassing 50% for the first time.
→ Over the next five years, China's intelligent connected new energy vehicle industry will accelerate its development, and China is poised to achieve greater breakthroughs in the global reshaping process.
Xinhua · 2026-08-14
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📈 economic
The quality and efficiency of financial services for the real economy continue to improve.
Why it matters
So far this year, the effect of our moderate and prudent monetary policy has become evident, with improving the quality and efficiency of financial services for the real economy.
→ In the next phase, we will maintain ample liquidity by comprehensively using monetary policy tools, strengthen coordination and cooperation with fiscal policies, promptly introduce additional policies, and boost domestic demand to promote sustained economic growth.
State Council · 2026-08-14
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⚖️ legal
EconoScope | China's 'Ice Silk Road' is reshaping global trade routes
Why it matters
(ECNS) --An "Ice Silk Road" is emerging in the Arctic, offering China and Europe a shorter maritime link and, more importantly, a new option for navigating an increasingly uncertain global trading environment.
→ Italian financial newspaper Il Sole 24 Ore described the route, dubbed the "Ice Silk Road," as a symbolic revival of the ancient trade links between East and West.
ECNS · 2026-08-14
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📊 Market Snapshot
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| PetroChina |
HK$9.45 |
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▼ Top Losers
| Ping An Insurance |
HK$54.60 |
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| Alibaba Group |
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💱 Currency Rates
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