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September 25, 2026

Daily Briefing โ€” 2026-09-25

China Compass Daily Briefing

ย 
CHINA COMPASS
Briefing ยท 2026-09-25 ยท 17 signals
Canada-China bilateral trade (July 2026)
$11.9B
Imports
$8.3B
Exports
$3.6B
๐Ÿ“‹ Today's Briefing

China is positioning itself as a cornerstone of the global new energy vehicle (NEV) supply chain, with a recent Xinhua report highlighting the country's role in the industry's full marketization. This development underscores China's growing influence in the NEV sector, which is expected to play a pivotal role in the global transition to sustainable energy.

In other news, a Chinese defense spokesperson has accused the Philippines of spreading false narratives about its actions in the South China Sea. The spokesperson emphasized that such efforts will not change the provocative and illegal nature of the Philippines' acts in the disputed waters. This ongoing tension in the region highlights the complex geopolitical dynamics in the Indo-Pacific.

Meanwhile, Chinese President Xi Jinping's state visit to the US has been dominated by discussions on artificial intelligence (AI) and Taiwan. Xi's remarks on AI, emphasizing collaboration over competition, reflect a potential shift in China's approach to technology cooperation with the US.

The bottom line:

China's growing role in the NEV supply chain and its ongoing geopolitical tensions with the Philippines highlight the country's complex relationship with the world. The Xi-Trump meeting, with its focus on AI and Taiwan, adds another layer of complexity to Canada-China relations, given the potential impact on global technology dynamics.

China Compass tracks these and other signals daily, providing critical insights into Canada-China relations. Visit www.chinacompass.ca for more.

โ—†
๐Ÿ”” Top Signals
๐Ÿ“ฆ trade
Global new energy vehicles have entered a new phase of full marketization, with China becoming an important cornerstone of the supply chain.
Why it matters
24 -- Global New Energy Vehicle Industry Enters a New Stage of Full Marketization: China Becomes an Important Foundation Stone for the Industrial Chain.
โ†’ In the first half of 2026, global new energy vehicle sales reached 11.234 million units, up 14% year-on-year, with market penetration increasing to 24%; globally, the cumulative sales of new energy vehicles have exceeded 94 million units, among which China's cumulative sales exceeded 62 million units and firmly maintained its core position in the global market....
Xinhua ยท 2026-09-25
๐Ÿ›ก๏ธ military
A false narrative cannot alter the Philippines' provocative nature in the South China Sea, according to a Chinese spokesperson.
Why it matters
BEIJING, Sept.
โ†’ The Chinese side will continue to take effective measures to resolutely safeguard territorial sovereignty and maritime rights and interests, and uphold peace and stability in the South China Sea, Jiang said.
Xinhua ยท 2026-09-24
๐Ÿ’ป technology
Xi at White House, trade-war truce extension, Golden Week travel
Why it matters
Chinese President Xi Jinping and US President Donald Trump discussed artificial intelligence (AI) and Taiwan at the White House on Thursday as part of a state visit dominated by pageantry.
โ†’ Trump earlier had said on...
SCMP
โš–๏ธ legal
Regulation on the Implementation of the Audit Law of the People's Republic of China
Why it matters
Decree of the State Council of the People's Republic of China No.
โ†’ Article 4 The fiscal revenues and expenditures referred to in the Audit Law refer to the various revenues and expenditures that should be included in the budgets of governments at all levels in accordance with the Budget Law of the People's Republic of China and other relevant provisions of the State.
State Council ยท 2026-09-25
๐Ÿ‘ฅ social
Xi Jinping's toast at US President Trump's welcome reception (full text)
Why it matters
Xi Jinping expressed gratitude at the welcome banquet hosted by Trump and mentioned the importance of Sino-US relations.
โ†’ At the same time, he blessed the future of China and the US and their peoples and proposed a toast to celebrate.
State Council ยท 2026-09-25
โ—†
๐Ÿ“Š Market Snapshot
โ–ฒ Top Gainers
WuXi Biologics HK$53.00 โ–ฒ +2.12%
Tencent Holdings HK$436.60 โ–ฒ -0.41%
SMIC HK$63.35 โ–ฒ -0.71%
โ–ผ Top Losers
ICBC HK$7.51 โ–ผ -1.89%
XPeng Inc HK$39.46 โ–ผ -1.89%
Haidilao HK$9.08 โ–ผ -2.05%
๐Ÿ’ฑ Currency Rates
USD/CNY 6.70 โ–ผ -0.11%
CAD/CNY 4.75 โ–ผ -0.18%
USD/CAD 1.41 โ–ฒ +0.27%
View Full Briefing โ†’
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