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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 and Kuwait are set to strengthen diplomatic ties as the latter's foreign minister, Sheikh Jarrah Jaber Al-Ahmad Al-Sabah, embarks on an official visit to China on August 23-24. This visit, at the invitation of China's Foreign Minister Wang Yi, underscores a deepening relationship between the two nations. In other news, a report by the Macdonald-Laurier Institute highlights China's role in Canada's fentanyl crisis, suggesting it may be a form of hybrid warfare. The report claims China heavily subsidizes the global fentanyl market, contributing to a public health crisis in Canada. Meanwhile, China's economy remains resilient, with the Party Central Committee led by Xi Jinping actively addressing external shocks and internal difficulties. The bottom line: The diplomatic visit between China and Kuwait could lead to further cooperation, while the fentanyl crisis report adds a new dimension to Canada-China relations. China's economic resilience is a positive signal, but the fentanyl issue may strain ties. Stay tuned to China Compass for more.
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🔔 Top Signals
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🤝 diplomatic
Regular Press Conference of Foreign Ministry Spokesperson Lin Jian on August 21, 2026
Why it matters
At the invitation of Member of the Political Bureau of the CPC Central Committee and Minister of Foreign Affairs Wang Yi, Minister of Foreign Affairs of Kuwait Sheikh Jarrah Jaber Al-Ahmad Al-Sabah will pay an official visit to China from August 23 to 24.
→ On August 20, in the Bangladeshi presidential election, Mirza Fakhrul Islam Alamgir from the ruling Bangladesh Nationalist Party was declared the winner and became the 23rd president of Bangladesh.
MFA China · 2026-08-21
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⚖️ legal
China is fuelling Canada’s fentanyl crisis. Is it hybrid warfare?: Nirvan Bose for Inside Policy
Why it matters
China is heavily subsidizing the global fentanyl market, making it a primary supplier of opioids to Canada, contributing to a public health crisis.
→ This may constitute hybrid warfare aimed at destabilizing Canada, as seen through covert supply routes exploiting weak jurisdiction and resistance to international cooperation.
Macdonald-Laurier Institute
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📈 economic
The resilience and vitality of the Chinese economy
Why it matters
Since this year, under the strong leadership of the Party Central Committee with Comrade Xi Jinping at its core, Zhong Caiwen has actively acted and faced difficulties in various regions and departments, effectively responded to various external shocks and internal difficulties, and firmly promoted high-quality development.
→ In fact, from the perspective of quality and benefit, and from a longer perspective, China's economic development is undergoing profound changes, demonstrating strong resilience and vitality....
Xinhua · 2026-08-22
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📈 economic
["Starting Well in the '15-15' Period: Active Fiscal Policy Promotes High-Quality Economic and Social Development"]
Why it matters
This year, our country implemented a more proactive fiscal policy with a budget arrangement exceeding 30 trillion yuan to support the tapping of domestic demand potential, people's livelihood guarantees, new quality productive forces cultivation, and risk prevention.
→ In the second half of the year, the Ministry of Finance will accelerate expenditure progress, stimulate private investment, and boost residents' consumption, and promptly introduce additional policies based on economic operations.
State Council · 2026-08-22
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📦 trade
Who bears environmental cost of push for rare earths beyond China?
Why it matters
However, minimizing the industry's significant environmental impact could lead to higher prices for buyers, raising questions about who will bear these costs.
Nikkei Asia
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📊 Market Snapshot
▲ Top Gainers
| NetEase |
HK$202.00 |
▲ +4.45% |
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| Ping An Insurance |
HK$56.20 |
▲ +3.88% |
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| WuXi Biologics |
HK$51.00 |
▲ +2.74% |
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▼ Top Losers
| Meituan |
HK$85.00 |
▼ -0.99% |
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| ANTA Sports |
HK$74.10 |
▼ -1.07% |
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💱 Currency Rates
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